502 Vis Ave Addison, IL 60101-4423
- Industrial properties
- 37,726 SF
- 1.41 lot acres
Jul 20, 2022
Current Use by Public Records
- Aim Inc / Manufacturer
Property Details for 502 Vis Ave
- Year built
- 1964
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.41 lot acres
- Property size
- 37,726 SF
- Zone code
- I
- Property type
- Industrial properties
- APN
- 03-32-201-005
- APU
- 332201005
Description
This exceptional 38,050-square-foot freestanding warehouse, located at 502 Vista Ave in Addison, IL, presents a compelling opportunity for businesses seeking a prime industrial space. The single-tenant building boasts a dynamic office layout encompassing approximately 3,673 square feet, perfectly complementing the expansive warehouse area. The warehouse features a 14-foot ceiling height, providing ample vertical space for operations. Loading is facilitated by three docks – two interior and one exterior – along with a convenient drive-in door. Parking is readily available with 41 stalls. The property benefits from robust power, supplied by a 2500A 120/208V system. Further enhancing its functionality, the building includes a wet sprinkler system and is fully air-conditioned. Situated in DuPage County, the property enjoys low and stable real estate taxes. Its strategic location offers immediate access to major transportation arteries, including I-290, I-355, and IL-64 (North Avenue), ensuring seamless logistics and efficient distribution. The proximity to O'Hare International Airport provides an added advantage for businesses with air travel needs. The property sits on 1.42 acres of land. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a highly desirable area. The property is available for sale or lease. The current Real Estate Tax and Operating Expenses are $1.75 per square foot.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,890,000
- ML approach
- $2,985,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,895,000
Market price range: $2.90M - $4.22M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Addison
- County
- Dupage
- State
- Illinois
- Longitude
- -88.0021
- Latitude
- 41.917
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA