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Warehouse with Development Potential
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951 Lunt Avenue, Elk Grove Village, IL 60007

74,975 SF warehouse with expansion and rail potential.

Property Size74,975 SF
Days on Market149

Property Features for 951 Lunt Avenue

General Information

Standard status Active
Size 74,975 SF
Property subtype Industrial
Listing Agency: CBRE | Corporate
Listed By: Cal Payne
Source: Cbre
Added: Mar 25 Changed: Aug 16 Last Checked: Aug 19 at 5:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Corporate

Investment Insights

Based on property information with market context.

This 74,975 square foot warehouse features an efficient, open layout. It is situated in a business park setting, offering quick access to I-90, I-294, and I-355. The property is located in close proximity to O’Hare International Airport and minutes from the Bensenville Intermodal. It benefits from low, stable taxes with a new 6B incentive. The location provides access to a strong surrounding labor pool. An upgraded wet sprinkler system allows for storage up to 20 feet of Class IV commodity. The property is professionally owned and managed. There is additional land to the east available for future development and the ability to add rail service.

Key Highlights

  • Ability to add rail service
  • Additional land to the east for future development
  • Low, stable taxes with new 6B

Property Analytics

Current Use

Loyola Paper Co Distribution Center

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

593
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60007, IL

33,670
Population
13,580
Households
2.5
Avg Household Size
45
Median Age
41%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
1,860
Density / Sq Mi
$95,240
Median Household Income
$54,762
Median Earnings
$1,574
Median Rent
$334,800
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Similar Off Market Nearby

  • C-Tech Logistics 875 E Devon Ave, Elk Grove Village, IL 60007
  • Commercial Record Center Inc 1500 Arthur Ave a, Elk Grove Village, IL 60007
  • Chicago Office Movers 1717 Tonne Rd, Elk Grove Village, IL 60007
  • Chancellory Business Park N Mittel Blvd, Wood Dale, IL 60191
  • American Van Lines, Inc. 1500 Arthur Ave #C, Elk Grove Village, IL 60007

Frequently Asked Questions

What type of property is this?
Warehouse - 74,975 SF warehouse with expansion and rail potential.
Where is this warehouse located?
The property is located at 951 Lunt Avenue Elk Grove Village, IL.
What are key features of this property?
This property features: Ability to add rail service; Additional land to the east for future development; Low, stable taxes with new 6B
More about this property
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