575 Fullerton Ave Addison, IL 60101
- Industrial properties
- 2.05 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 575 Fullerton Ave
- Lot size
- 2.05 lot acres
- Zone code
- I
- Property type
- Industrial properties
- APN
- 03-32-201-019
- APU
- 332201019
Description
This exceptional 4.5-acre commercial land parcel is strategically located in Addison, Illinois, at 575 W Fullerton Avenue, within DuPage County (zip code 60101). Its prime location offers unparalleled access to major transportation arteries, including I-355, I-290, North Avenue, Route 83, and Lake Street, making it highly attractive for businesses requiring efficient logistics and distribution networks. The property is currently generating significant supplemental income from an existing cell tower, which yields approximately $2,500 per month. This lease agreement has 15 years remaining, with a built-in 25% rent increase every five years
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,125,000
- 6.5%
- $1,105,000
- 7%
- $1,235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,170,000
- Geo Method
- $1,185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,205,000
- Retail
- $1,220,000
- Mixed-Use
- $1,320,000
- Hospitality
- $1,295,000
- Educational
- $1,115,000
- Residential Income
- $1,215,000
- Energy
- $1,005,000
- Income-Based Land
- $1,335,000
- Food Service
- $1,025,000
Location Insight
- Map
- Local Demand
- City
- Addison
- County
- Dupage
- State
- Illinois
- Longitude
- -88.003
- Latitude
- 41.9169
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA