Property profile

2012 Corporate Ln Naperville, IL 60563

FOR LEASE
Other warehouses
Property ID
US28-5706844
189,069 SF 11.16 ac lot Built 1997
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a Class A industrial facility featuring a warehouse unit totaling 23,979 square feet, including 4,525 square feet of office space. The warehouse has a 28-foot clear ceiling height, with 48' x 40' column spacing, and includes four exterior loading docks with 10' x 10' doors with levelers plus one 16' high x 12' wide drive-in door. The office area is configured with 10-foot ceilings and includes five private offices with 9-foot doors, a large open bullpen area suitable for workstations, a reception/foyer, a kitchen and breakroom, an IT room, a warehouse office, and multiple conference and sample/conference rooms. There are four bathrooms serving the unit. Building systems include occupancy sensors on warehouse lighting and an ESFR sprinkler system for fire protection. The facility is located near major access points, specifically close to full interchanges at I-88 and Winfield Road as well as I-88 and Route 59, and the unit can be combined with adjacent space to create a larger 43,225-square-foot configuration. Warehouse racking is available for purchase.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1997
Total area 189,069 SF
Lot 11.16 ac (486,130 SF)
Zoning code I
APN 07-03-205-004
UPID US28-5706844

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Gym & Fitness Center
  • Corporate Office
  • Gym & Fitness Center
  • Big Box & Wholesale Store Electronics & Wireless Store

Location

2012 Corporate Ln Naperville, IL 60563
Naperville metro Census 846413 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.69M
Blend (final) Blend
$6.06M

Owner & transaction history

since 2007
2 recorded transactions
2007
$14.3M
2004
$10.4M

Zoning & alternative use

I · Naperville, IL
Zoning description

The I industrial district is intended to accommodate industrial activities which are more intensive than light industrial uses.

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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