Property summary
This exceptional 3-acre commercial land parcel in Glen Ellyn, Illinois (DuPage County, zip code 60137), is zoned I-1 Light Industrial, presenting a unique investment opportunity. The property, located at 22 Poss Street, boasts a steady income stream from multiple tenants. A significant portion of the income is derived from a long-term lease with American Tower for a cellular antenna situated on the southwest corner. This lease, initiated in 1998, recently underwent a 5-year renewal in April 2023, with three additional 5-year renewal options extending the lease to 2043. The current monthly rent from American Tower is $1,868.73. Beyond this substantial income source, the property generates approximately $8,000 per month in additional rental income from other month-to-month tenants. The property's I-1 zoning makes it ideal for various uses, including outdoor storage, heavy/construction equipment yards, and company truck/trailer parking. This combination of consistent rental income and versatile zoning makes this property a compelling investment prospect in a desirable location. The property's latitude and longitude coordinates are 41.8956248 and -88.0672927 respectively.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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