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    940 Lively Blvd Elk Grove Village, IL 60007

    Sponsored
    For Lease
    Contact for pricing

    ±58,000 SF Industrial Building, divisible.

    Lot size:
    58,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This ±58,000-square-foot industrial warehouse building, located at 940 Lively Boulevard in Elk Grove Village, Illinois, presents a rare opportunity. Situated on approximately 2.59 acres, this single-story, 1980-built structure offers flexible space options, divisible to a minimum of ±21,750 square feet. The building boasts a desirable 18-foot ceiling height, four interior loading docks, and two drive-in doors, enhancing operational efficiency. Ample parking is available with approximately 75 spaces. The property features 800A 480V power. Conveniently located near Busse Road and I-90 via Elmhurst Road, this well-maintained facility provides easy access to major transportation arteries. The property is in the O'Hare submarket of Cook County and has a total of two suites. Property taxes are $3.86 per square foot. This standalone building offers a unique opportunity for businesses seeking a functional and strategically located warehouse space. The building is constructed of masonry. Potential office space is available, with options including approximately 2,344 square feet in the north and 5,000 square feet in the south.

    Property Features for 940 Lively Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    58,000 SF

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    South Unit
    Size
    36,250 SF
    Space
    North Unit
    Size
    21,750 SF

    HighLights

    • ±158,000 SF industrial warehouse on ±2.59 acres in Elk Grove Village, IL.
    • Single‑story building (1980 construction) divisible to ±21,750 SF.
    • Features 18' ceilings, four interior loading docks, and two drive‑in doors.
    • 75 parking spaces and 800A 480V power.
    • Excellent location near Busse Road and I‑90, in the O'Hare submarket.
    • Two suites available; potential office space (approx. 7,344 SF total).
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Auto Repair Shop Wholesale 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
    -87.969673237697
    Latitude
    42.012365553185

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    FAQs

    What type of property is this?
    Distribution property - ±58,000 SF Industrial Building, divisible.
    Where is this distribution property located?
    The property is located at 940 Lively Blvd Elk Grove Village, IL.
    What are key features of this property?
    This property features: ±158,000 SF industrial warehouse on ±2.59 acres in Elk Grove Village, IL.; Single-story building (1980 construction) divisible to ±21,750 SF.; Features 18' ceilings, four interior loading docks, and two drive-in doors.
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    940 Lively Blvd 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
    940 Lively Blvd Elk Grove Village, IL 60007
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