Property profile

220 Westgate Dr Carol Stream, IL 60188

OFF-MARKET
Industrial properties
Property ID
US28-1367058
18,206 SF 1.72 ac lot Built 1989
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 18,800-square-foot office and industrial property, located at 220 Westgate Drive in Carol Stream, Illinois, presents a unique leasing opportunity. The building, situated on a spacious 1.68 to 1.72-acre lot in DuPage County, features a single-tenant occupancy layout, perfect for a business seeking ample space and privacy. The two-story structure boasts impressive 18-foot ceilings, providing a sense of openness and versatility. The property includes convenient features such as 23 auto parking stalls, two drive-in bays, and one dock-high door, ensuring efficient loading and unloading. The building's robust electrical system offers 800 amps of power. The zoning is designated "I" (industrial), allowing for a wide range of potential uses. The entire 18,800 square feet is currently vacant, offering immediate occupancy for a new tenant. This property is ideal for a company requiring a substantial amount of space, excellent accessibility, and a strategic location in the thriving Carol Stream business community. The zip code is 60188. This is a rare opportunity to secure a significant and well-equipped property in a desirable location.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1989
Total area 18,206 SF
Lot 1.72 ac (74,923 SF)
Zoning code I
APN 05-05-106-047
UPID US28-1367058

Cap rate & NOI

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

Location

220 Westgate Dr Carol Stream, IL 60188-2243
Carol Stream metro Census 841704 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.32M
Blend (final) Blend
$2.18M

Owner & transaction history

since 2022
Last sale
$2.2M
4 recorded transactions
2022
$2.2M
2014
Price N/A
2007
Price N/A
1969
Price N/A

Zoning & alternative use

I · Carol Stream, IL
Zoning description

(2) I Industrial District (D) Overlay Districts (1) GAC Gary Avenue Corridor (2) NAC North Avenue Corridor (Ord. 2021-05-15, passed 5-3-2021) Share Download Bookmark Print § 16-3-2 ZONING DISTRICT MAP AND BOUNDARIES. (A)…

General category INDUSTRIAL
Top alternative use upside
Office building $3.3M +44.7%

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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