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    1400 Morse Ave Elk Grove Village, IL 60007

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    For Lease
    Contact for pricing

    91,937 SF Industrial Space - Excellent Location

    Lot size:
    91,937 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 91,937-square-foot industrial warehouse in Elk Grove Village, Illinois, presents a significant leasing opportunity. The property boasts a single-tenant occupancy, ideal for businesses seeking ample space and operational efficiency. The building features a 20-foot ceiling height, providing generous vertical clearance for storage and operations. Loading and unloading are facilitated by eight interior loading docks and one drive-in door, with the potential to add another. The property has undergone recent renovations, including a new facade, roof, parking lot, drive aprons, and landscaping, ensuring a modern and well-maintained facility. Ample parking is available with 98 spaces. Strategically located just west of Route 83 and south of Landmeier Road, this warehouse offers convenient access to major transportation arteries. It's minutes from O'Hare International Airport and the North and South Cargo Entrances, providing seamless logistics for businesses requiring air freight capabilities. Proximity to I-390 (1.7 miles), I-90 (2.2 miles), and I-290 (4.0 miles) ensures efficient regional and national distribution. The office layout is flexible and can be adjusted to suit tenant needs. This property is situated in Cook County, Illinois, with a zip code of 60007. The address is 1400 Morse Avenue.

    Property Features for 1400 Morse Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    91,937 SF

    Unit(s) available at that property

    Space
    Size
    91,937 SF

    HighLights

    • 91,937 SF industrial warehouse in Elk Grove Village, IL.
    • Single‑tenant occupancy with 20' ceiling height.
    • Eight interior loading docks, one drive‑in door, plus potential for expansion.
    • Recent renovations including facade, roof, parking lot, and landscaping.
    • 98 parking spaces and convenient access to major transportation arteries, including I‑390, I‑90, I‑290, and O'Hare International Airport.
    • Flexible office layout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Design Toscano Commercial Store Vita V Home Wholesaler Basil Street Gallery ... Marketing Consultant

    Suggested Use

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

    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
    -87.964641942916
    Latitude
    42.000028787747

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    FAQs

    What type of property is this?
    Distribution property - 91,937 SF Industrial Space - Excellent Location
    Where is this distribution property located?
    The property is located at 1400 Morse Ave Elk Grove Village, IL.
    What are key features of this property?
    This property features: 91,937 SF industrial warehouse in Elk Grove Village, IL.; Single-tenant occupancy with 20' ceiling height.; Eight interior loading docks, one drive-in door, plus potential for expansion.
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    1400 Morse Ave Elk Grove Village, IL 60007
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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
    1400 Morse Ave Elk Grove Village, IL 60007
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