703 Annoreno Dr Addison, IL 60101
- Industrial properties
- 23,608 SF
- 1.52 lot acres
Current Use by Public Records
- Construction Brokers / Contractor
- Armin Machinery / Machine Shop / Manufacturer
- Gold Shield Services South / Plumber
- GEM Dock & Door / Garage Door Supplier / Warehouse
- Aarco Baths Bathtub Refinishing / Bathroom Remodeler
Property Details for 703 Annoreno Dr
- Year built
- 1981
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.52 lot acres
- Property size
- 23,608 SF
- Zone code
- I
- Property type
- Industrial properties
- APN
- 03-32-204-039
- APU
- 332204039
Description
This exceptional Addison, Illinois industrial property, located at 703 West Annoreno Drive, 60101, offers a unique opportunity for businesses seeking smaller, efficient spaces. The property encompasses a total of 24,038 square feet and is currently configured for multiple tenants. Two spaces are immediately available, each measuring 1,505 square feet, representing a total of 3,010 square feet of vacant space. This is a rare find, particularly given the inclusion of dedicated drive-in doors for each unit, providing convenient and direct access for loading and unloading. The property is classified as industrial, with subtypes including manufacturing, warehouse, and distribution, making it suitable for a variety of uses. Situated in DuPage County, this location offers excellent access to major transportation routes, enhancing logistical efficiency. The minimum divisible space is 1,505 square feet, while the maximum contiguous space currently available is also 1,505 square feet. This property presents a compelling opportunity for businesses seeking a well-located, functional, and readily available industrial space in the thriving Addison market. Interested parties should inquire promptly to secure their space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $780,000
- 6.5%
- $670,000
- 7%
- $710,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $760,000
- Geo Method
- $650,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $665,000
- Retail
- $725,000
- Mixed-Use
- $900,000
- Hospitality
- $750,000
- Educational
- $835,000
- Residential Income
- $900,000
- Energy
- $740,000
- Income-Based Land
- $775,000
- Food Service
- $835,000
Location Insight
- Map
- Local Demand
- City
- Addison
- County
- Dupage
- State
- Illinois
- Longitude
- -88.0037
- Latitude
- 41.9163
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
