Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    940-950 Greenleaf Ave Elk Grove Village, IL 60007

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    940-950 Greenleaf Ave Elk Grove Village, IL 60007

    View on Map
    • Warehouses
    • 56,227 SF
    • 2.13 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 940-950 Greenleaf Ave

    Year built
    1973
    Lot size
    2.13 lot acres
    Property size
    56,227 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.9736
    Latitude
    42.0039

    Comparable in this City

    • Value Estimation by Request
      60,000 SF

      1400-1538 Elmhurst Rd

      Distribution properties • 60,000 SF
      1400-1538 Elmhurst Rd, Elk Grove Village, IL 60007
      View Details
    • Value Estimation by Request
      15,840 SF

      107 Garlisch Dr

      Distribution properties • 15,840 SF
      107 Garlisch Dr, Elk Grove Village, IL 60007
      View Details
    • Value Estimation by Request
      63,616 SF

      770-780 Arthur Ave

      Distribution properties • 63,616 SF
      770-780 Arthur Ave, Elk Grove Village, IL 60007
      View Details
    • Value Estimation by Request
      98,445 SF

      1900 Devon Ave

      Manufacturing properties • 98,445 SF
      1900 Devon Ave, Elk Grove Village, IL 60007
      View Details
    • Value Estimation by Request
      42,725 SF

      870-898 Cambridge Dr Elk Grv Vlg

      Manufacturing properties • 42,725 SF
      870-898 Cambridge Dr Elk Grv Vlg, Elk Grove Village, IL 60007
      View Details
    • Value Estimation by Request
      30,000 SF

      2511-2521 Pan Am Blvd

      Distribution properties • 30,000 SF
      2511-2521 Pan Am Blvd, Elk Grove Village, IL 60007
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      91,517 SF

      Elk Grove Warehouse with Yard

      Warehouse with fenced yard near O’Hare Airport and highways.
      3501 Touhy Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      6,794 SF

      Elk Grove Village Warehouse Space

      6,794 SF warehouse with expandable parking and secured site.
      1505 Pratt Blvd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Elk Grove Village Warehouse Facility

      Well-maintained industrial warehouse in Elk Grove Village for sale.
      1901 Greenleaf Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      93,380 SF

      Elk Grove Village Industrial Facility

      93,380 SF industrial facility in Elk Grove Village, Illinois.
      1201 Kirk St, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      37,728 SF

      O'Hare Submarket Industrial Facility

      Class A industrial facility with high-volume logistics potential.
      1507-1601 Estes Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      13,888 SF

      Freestanding Industrial Building For Sale

      Well-maintained industrial building with functional layout in Cook County.
      1651 Lively Blvd, Elk Grove Village, IL 60007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Elk Grove Industrial Sublease

      27,000 SF industrial space available for sublease.
      1100 Chase Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing

      Elk Grove Village Warehouse Space

      Warehouse space available for lease in Elk Grove Village, IL.
      701 East Devon Ave, Elk Grove Village, IL 60007
      View Details
    • $15 SF/Yr
      32,162 SF

      Elk Grove Warehouse Sublease

      32,162 SF warehouse space available for sublease.
      150 Innovation Dr, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      51,258 SF

      Industrial Space with Crane Capacity

      51,258 SF industrial space featuring cranes and trailer parking.
      700 Chase Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      24,919 SF

      Elk Grove Village Industrial Space

      24,919 SF industrial space ideal for manufacturing/distribution/assembly.
      81 NW Point Blvd, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      3,580 SF

      Elk Grove Industrial Units Available

      Clean, open industrial units with loading docks for rent.
      2425-2435 E Devon Ave, Elk Grove Village, IL 60007
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    940-950 Greenleaf Ave
    Elk Grove Village, IL 60007
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!