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    515 Factory Rd Addison, IL 60101

    Sponsored
    For Lease
    Contact for pricing

    Single-tenant warehouse, ideal location.

    Lot size:
    24,243 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This ±24,243-square-foot industrial warehouse, situated on approximately 1.23 acres of land at 515 Factory Road in Addison, IL, presents a compelling leasing opportunity. Built in 1965, the single-story building boasts a functional layout with a ceiling height ranging from 11 to 14 feet. The property includes one loading dock, one dock-high door, and two drive-in doors, providing efficient loading and unloading capabilities. Ample parking is available with approximately 20 spaces. The warehouse features 800A 240V power and a sprinkler system. The property also benefits from floor drains and a recently updated parking lot. Its strategic location offers easy access to major transportation arteries, including North Avenue, I-355, and I-290. Low DuPage County property taxes further enhance the value proposition. The building's construction is masonry, and the total office space within the warehouse is approximately 2,150 square feet. This property is perfect for a business seeking a well-maintained, conveniently located warehouse space.

    Property Features for 515 Factory Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,243 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    24,243 SF

    HighLights

    • 24,243 SF single‑tenant industrial warehouse available for lease.
    • Situated on 1.23 acres of land in Addison, IL.
    • Features 11'-14' ceiling heights, one loading dock, two drive‑in doors, and 20 parking spaces.
    • Equipped with 800A 240V power.
    • Built in 1965 with masonry construction and includes sprinklers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wynndalco Enterprises, LLC. Computer Support And Services

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -88.001437417262
    Latitude
    41.913591413748

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    FAQs

    What type of property is this?
    Distribution property - Single-tenant warehouse, ideal location.
    Where is this distribution property located?
    The property is located at 515 Factory Rd Addison, IL.
    What are key features of this property?
    This property features: 24,243 SF single-tenant industrial warehouse available for lease.; Situated on 1.23 acres of land in Addison, IL.; Features 11'-14' ceiling heights, one loading dock, two drive-in doors, and 20 parking spaces.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Factory Rd Addison, IL 60101
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