Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1400-1538 Elmhurst Rd Elk Grove Village, IL 60007
    Back to Search
    Property profile & analytics

    1400-1538 Elmhurst Rd Elk Grove Village, IL 60007

    View on Map
    • Warehouses
    • 60,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1400-1538 Elmhurst Rd

    Year built
    1986
    Property size
    60,000 SF
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    Triangle Corporate Center, located at 1400-1538 S. Elmhurst Road in Elk Grove Village, IL 60007, offers 60,000 square feet of warehouse space in a single-story building constructed in 1986. The property is situated in Cook County and provides excellent accessibility, boasting a highly visible location near O'Hare International Airport and I-90. The building is comprised of four suites, with a total of 18,978 square feet currently vacant. Businesses can lease spaces ranging from a minimum of 2,666 square feet to a maximum contiguous space of 4,556 square feet, offering flexibility for various business needs. The property features 400 amps of 3-phase power and ample parking. Fiber cabling is available, catering to modern communication requirements. The property is professionally managed and maintained, ensuring a high-quality environment for tenants. This location is ideal for businesses seeking a well-maintained, accessible, and highly visible warehouse space in a strategic location with convenient access to major transportation arteries. The property's flexible layout allows for various office-to-warehouse ratios, accommodating a wide range of business operations.

    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
    -87.941
    Latitude
    42.0058

    Comparable in this City

    • 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
      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
      266,989 SF

      1800 Brummel Ave

      Distribution properties • 266,989 SF
      1800 Brummel Ave, Elk Grove Village, IL 60007
      View Details
    • Value Estimation by Request
      17,950 SF

      350-360 Lively Blvd

      Distribution properties • 17,950 SF
      350-360 Lively Blvd, Elk Grove Village, IL 60007
      View Details
    • Value Estimation by Request
      56,227 SF

      940-950 Greenleaf Ave

      Distribution properties • 56,227 SF
      940-950 Greenleaf Ave, 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

    Similar Nearby for Sale

    • 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
      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

      Industrial Property with Active Rail

      Industrial property featuring an active rail line and 20-ton crane.
      Elk Grove Rd, 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

      Elk Grove Village Industrial Property

      High-image industrial property with upgraded offices and air-conditioned warehouse.
      1420 Chase Ave, Elk Grove Village, IL 60007
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing
      18,731 SF

      Elk Grove Village Industrial Building

      10,000 SF industrial building with warehouse and office space.
      1340 Louis 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
    • 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
      3,630 SF

      Industrial Units Near O'Hare Airport

      Clean industrial units with loading docks, ideal for distribution.
      2271-2289 Devon Ave, Elk Grove Village, IL 60007
      View Details
    • Contact for pricing
      124,411 SF

      Elk Grove Village Warehouse Space

      124,411 SF warehouse space ideal for manufacturing/distribution/assembly.
      150 NW Point Blvd, 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
    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.
    1400-1538 Elmhurst Rd
    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

    Thank You for Inquiry
    1400-1538 Elmhurst Rd, Elk Grove Village, IL, 60007
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!