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    515 Factory Rd Addison, IL 60101

    • Industrial properties
    • 24,000 SF
    • 0.91 lot acres
    For Lease
    View listing
    Value Estimation
    $1,480,000
    Last Sale
    Nov 10, 2021
    $1,300,000
    Location Intelligence
    Property ID
    US28-5917400
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wynndalco Enterprises, LLC. / Computer Support And Services

    Property Details for 515 Factory Rd

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.91 lot acres
    Property size
    24,000 SF
    Zone code
    I
    Property type
    Industrial properties
    APN
    03-32-209-007
    APU
    332209007

    Description

    This ±24,243-square-foot industrial warehouse, situated on approximately 1.23 acres of land at 515 Factory Road in Addison, IL, presents a compelling leasing opportunity. Built in 1965, the single-story building boasts a functional layout with a ceiling height ranging from 11 to 14 feet. The property includes one loading dock, one dock-high door, and two drive-in doors, providing efficient loading and unloading capabilities. Ample parking is available with approximately 20 spaces. The warehouse features 800A 240V power and a sprinkler system. The property also benefits from floor drains and a recently updated parking lot. Its strategic location offers easy access to major transportation arteries, including North Avenue, I-355, and I-290. Low DuPage County property taxes further enhance the value proposition. The building's construction is masonry, and the total office space within the warehouse is approximately 2,150 square feet. This property is perfect for a business seeking a well-maintained, conveniently located warehouse space.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,510,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,290,000
      6.5%
      $1,225,000
      7%
      $1,300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,230,000
      Geo Method
      $1,185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,510,000
      Retail
      $1,745,000
      Mixed-Use
      $1,365,000
      Hospitality
      $1,615,000
      Educational
      $1,635,000
      Residential Income
      $1,470,000
      Energy
      $1,415,000
      Income-Based Land
      $1,300,000
      Food Service
      $1,395,000

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0016
    Latitude
    41.9132
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $33,137
    $121,090
    $329,060
    $450,150
    -
    $363,270
    $987,180
    $1,350,450

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      102,402 SF

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    515 Factory Rd
    Addison, IL 60101
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    Realmo Value Estimation

    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.

    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.

    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
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