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    1201 Estes Ave Elk Grove Village, IL 60007

    For Lease
    Contact for pricing

    ±52,272 SF Industrial Space for Lease

    Lot size:
    52,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This ±52,272 square-foot single-tenant warehouse, situated on approximately 1.96 acres in Elk Grove Village, IL, presents a compelling leasing opportunity. Built in 1974 and renovated in 1991, the property boasts a 16-foot ceiling height, ideal for various industrial uses. The building features two loading docks and three drive-in doors, ensuring efficient loading and unloading. Ample parking is available with 41 spaces. The property benefits from substantial power, including 1600A 277/480V and 800A 277/480V (to be confirmed), making it suitable for manufacturing or other power-intensive operations. The building includes a ±5,000 square foot office space (not included in the total square footage). Additional features include a 70-foot deep truck court, a roof replaced in 2008, LED lighting, and a wet sprinkler system. The property is zoned I-2 (General Industrial) and enjoys convenient access to I-90 and Busse Road, placing it within the desirable O'Hare submarket. A tenant incentive of three months of net rent free is available for qualified deals signed by December 31, 2024, with a minimum three-year lease term. The building is constructed of masonry.

    Property Features for 1201 Estes Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,272 SF

    Building Details

    Year Built/Renovated
    1974/1991
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    52,272 SF

    HighLights

    • 52,272 SF single‑tenant warehouse available for lease in Elk Grove Village, IL.
    • 1.96‑acre site with 16' clear height ceilings.
    • Features include two loading docks, three drive‑in doors, and 41 parking spaces.
    • Building boasts 1600A 277/480V and 800A 277/480V power (to be confirmed).
    • Located in the O'Hare submarket with easy access to I‑90 and Busse Road, zoned I‑2 (General Industrial).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.96884202794
    Latitude
    42.005814928304

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    FAQs

    What type of property is this?
    Distribution property - ±52,272 SF Industrial Space for Lease
    Where is this distribution property located?
    The property is located at 1201 Estes Ave Elk Grove Village, IL.
    What are key features of this property?
    This property features: 52,272 SF single-tenant warehouse available for lease in Elk Grove Village, IL.; 1.96-acre site with 16' clear height ceilings.; Features include two loading docks, three drive-in doors, and 41 parking spaces.
    Request Owner's contact information
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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
    1201 Estes Ave Elk Grove Village, IL 60007
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