1400 Morse Ave Elk Grove Village, IL 60007
- Industrial properties
- 3.34 lot acres
Current Use by Public Records
- Design Toscano Commercial / Store
- Vita V Home / Wholesaler
- Basil Street Gallery of London / Marketing Consultant
Property Details for 1400 Morse Ave
- Year built
- 1968
- Lot size
- 3.34 lot acres
- Property type
- Industrial properties
- APN
- 08-34-204-020
- APU
- 834204020
Description
This exceptional 91,937-square-foot industrial warehouse in Elk Grove Village, Illinois, presents a significant leasing opportunity. The property boasts a single-tenant occupancy, ideal for businesses seeking ample space and operational efficiency. The building features a 20-foot ceiling height, providing generous vertical clearance for storage and operations. Loading and unloading are facilitated by eight interior loading docks and one drive-in door, with the potential to add another. The property has undergone recent renovations, including a new facade, roof, parking lot, drive aprons, and landscaping, ensuring a modern and well-maintained facility. Ample parking is available with 98 spaces. Strategically located just west of Route 83 and south of Landmeier Road, this warehouse offers convenient access to major transportation arteries. It's minutes from O'Hare International Airport and the North and South Cargo Entrances, providing seamless logistics for businesses requiring air freight capabilities. Proximity to I-390 (1.7 miles), I-90 (2.2 miles), and I-290 (4.0 miles) ensures efficient regional and national distribution. The office layout is flexible and can be adjusted to suit tenant needs. This property is situated in Cook County, Illinois, with a zip code of 60007. The address is 1400 Morse Avenue.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,710,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,215,000
- 6.5%
- $7,470,000
- 7%
- $6,515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,410,000
- Geo Method
- $7,720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,425,000
- Retail
- $7,435,000
- Mixed-Use
- $6,700,000
- Hospitality
- $7,690,000
- Educational
- $8,600,000
- Residential Income
- $7,785,000
- Energy
- $8,535,000
- Income-Based Land
- $8,235,000
- Food Service
- $7,150,000
Location Insight
- Map
- Local Demand
- City
- Elk Grove Village
- County
- Cook
- State
- Illinois
- Longitude
- -87.9652
- Latitude
- 42.0006
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
