Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1400 Norwood Ave Itasca, IL 60143-1129
    Back to Search
    Property profile & analytics

    1400 Norwood Ave Itasca, IL 60143-1129


    • Industrial properties
    • 102,470 SF
    • 4.55 lot acres
    Off-Market
    Last Sale Nov 10, 2021
    $7,700,000
    Property ID
    US28-5840938
    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.

    Value Estimations
    $8,145,000
    Show details
    Cap Rate Potential
    4.9%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Elite Athlete Sports Training - EAST Complex / Gym & Fitness Center / Sports Field & Court

    Property Details for 1400 Norwood Ave

    Year built
    1976
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.55 lot acres
    Property size
    102,470 SF
    Zone code
    I
    Property type
    Industrial properties
    APN
    02-01-203-010
    APU
    201203010

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $8,935,000
      ML approach
      $9,065,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $7,350,000
      6.5%
      $6,785,000
      7%
      $6,300,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,668,000
      Market price range: $8.57M - $12.0M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $10,695,000
      Current use
      WAREHOUSE, STORAGE
      $10,670,000
      Change: -0% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Itasca
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0377
    Latitude
    41.9855
    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
    $154,598
    $446,060
    $1,704,420
    $2,150,480
    -
    $1,338,180
    $5,113,260
    $6,451,440
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message