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    940-950 Greenleaf Ave Elk Grove Village, IL 60007

    Sponsored
    For Lease
    Contact for pricing

    ±36,160 SF Industrial Space Available

    Lot size:
    56,227 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This ±56,227 square foot industrial warehouse, situated on 2.13 acres in Elk Grove Village, IL, presents a significant leasing opportunity. The property, built in 1973, features a single-story building with a 16-foot ceiling height, ideal for various distribution needs. A substantial ±36,160 square feet of space is currently available for lease, offering a minimum divisible space of the same size. The warehouse boasts five loading docks, five dock-high doors, and one drive-in door, ensuring efficient loading and unloading operations. The property also includes approximately 15 parking spaces. Interior features include a recently refurbished office space of approximately 3,362 square feet, wet sprinklers, and gas heating. The building is zoned I-2 and benefits from its location in the O'Hare submarket of Cook County, providing direct access to I-90 and O'Hare International Airport. This well-maintained facility offers a strategic location for businesses seeking convenient access to major transportation routes and a thriving industrial hub. The property is comprised of two suites in total.

    Property Features for 940-950 Greenleaf Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    56,227 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    940
    Size
    36,160 SF

    HighLights

    • ±56,227 SF industrial warehouse on 2.13 acres in Elk Grove Village, IL.
    • ±36,160 SF available for lease, minimum divisible space of ±36,160 SF.
    • Features 16' ceilings, five loading docks, five dock‑high doors, and one drive‑in door.
    • Includes approximately 15 parking spaces and ±3,362 SF of recently refurbished office space.
    • Built in 1973, wet sprinklers, gas heat, I‑2 zoning, O'Hare submarket with I‑90 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

    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
    -87.973560232284
    Latitude
    42.003880925605

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    FAQs

    What type of property is this?
    Distribution property - ±36,160 SF Industrial Space Available
    Where is this distribution property located?
    The property is located at 940-950 Greenleaf Ave Elk Grove Village, IL.
    What are key features of this property?
    This property features: ±56,227 SF industrial warehouse on 2.13 acres in Elk Grove Village, IL.; ±36,160 SF available for lease, minimum divisible space of ±36,160 SF.; Features 16' ceilings, five loading docks, five dock-high doors, and one drive-in door.
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    940-950 Greenleaf Ave Elk Grove Village, IL 60007
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    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
    940-950 Greenleaf Ave Elk Grove Village, IL 60007
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