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Warehouse with Open Layout
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951 Lunt Ave, Elk Grove Village, IL 60007

Efficient open warehouse with upgraded wet sprinkler system rated up to 20' for Class IV commodities.

Property Size31,069 SF
Days on Market479

Property Features for 951 Lunt Ave

General Information

Standard status Active
Size 31,069 SF
Property subtype INDUSTRIAL

Additional Details

Highway Access Yes
Sprinkler System Yes
Listing Agency: CBRE | Chicago
Listed By: Calum Payne
Source: Moodyscre
Added: Apr 8, 2025 Changed: Jul 27 Last Checked: Jul 29 at 12:33PM

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 | Chicago

Investment Insights

Based on property information with market context.

This warehouse offers an efficient, open layout designed for straightforward operations. The property includes an upgraded wet sprinkler system with capacity up to 20' of Class IV commodity storage, supporting a range of industrial uses consistent with that fire protection capacity.

Located at 951 Lunt Ave in Elk Grove Village, IL, the property sits in a business park setting with quick access to I-90, I-294, and I-355. It is also described as being close to O’Hare International Airport and minutes from Bensenville Intermodal.

Additional site details noted in the remarks include the ability to add rail service and additional land to the east for future development. The property is described as having low, stable taxes with new 6B, and is professionally owned and managed.

Key Highlights

  • Efficient, open warehouse layout
  • Upgraded wet sprinkler system store up to 20' for Class IV commodities
  • Business park setting with quick access to I‑90, I‑294, and I‑355

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.

Lease Details

Yes
Sprinkler system
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

853
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

Lease Benchmarks for Elk Grove Village, IL

$11.61 /SF/Yr
Avg Asking Price
$8–$13.5 /SF/Yr
Price Range
30,115 SF
Avg Space Size

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
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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 - Efficient open warehouse with upgraded wet sprinkler system rated up to 20' for Class IV commodities.
Where is this warehouse located?
The property is located at 951 Lunt Ave Elk Grove Village, IL.
What are key features of this property?
This property features: Efficient, open warehouse layout; Upgraded wet sprinkler system store up to 20' for Class IV commodities; Business park setting with quick access to I‑90, I‑294, and I‑355
(630) 573-7000 Call to check price and availability
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