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    Property profile & analytics
    OFF-MARKET Estimated value $8,145,000
    Industrial properties

    1400 Norwood Ave, Itasca, IL 60143-1129

    102,470 SF 4.55 ac lot Built 1976
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-5840938
    Property summary
    AI-generated overview

    This exceptional industrial property, located in Chicago's O'Hare submarket cluster, offers 102,617 square feet of warehouse, distribution, and manufacturing space. Currently, there is 38,956 square feet of vacant space available, divisible to a minimum of 19,478 square feet. The building boasts a desirable 16-foot clear ceiling height, enhancing operational efficiency. On-site amenities include 4,692 square feet of office space, providing ample room for administrative functions. The property features convenient access to transportation networks, with 4 interior loading docks and 3 drive-in doors facilitating seamless loading and unloading. Its strategic location offers easy access to major thoroughfares, including full interchanges at I-290 and IL 390, placing it within minutes of O'Hare International Airport. This multi-tenant building presents a unique opportunity for businesses seeking flexible and strategically located industrial space in the thriving O'Hare market. The available space is ideal for a variety of uses, from warehousing and distribution to light manufacturing. The property's combination of size, features, and location makes it an attractive option for companies seeking to establish or expand their operations in the Chicago area. Contact us today to learn more about this exceptional opportunity.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1976
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 102,470 SF
    Lot 4.55 ac (198,198 SF)
    Zoning code I
    APN 02-01-203-010
    UPID US28-5840938
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Elite Athlete Sports Training - EAST Complex Gym & Fitness Center Sports Field & Court
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $9.07M
    CAP Approach CAP
    $6.79M
    Comparable Approach Comparable
    $8.67M
    Blend (final) Blend
    $8.15M
    Owner & transaction history
    1400 1470 Norwood Owner LP · 4 yrs held
    1400 1470 Norwood Owner LP
    since 2022
    Last sale
    $7.7M
    6 recorded transactions
    2022
    2021
    $7.7M
    2019
    2014
    $7.2M
    2007
    2007
    $6.5M
    Zoning & alternative use
    I · Itasca, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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