Property profile

229 Central Ave Wood Dale, IL 60191

OFF-MARKET
Industrial properties
Property ID
US28-2077161
11,144 SF 0.53 ac lot Built 1976
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 10,783 square foot industrial property, located at 229 N. Central Ave., Wood Dale, IL 60191, presents a compelling owner-user opportunity. The single-story, 1976-built building (renovated in 1990) sits on a 0.53-acre lot and is zoned C-2A. Boasting a 12'-17' ceiling height, the property features four dock-high doors and one loading dock, ideal for distribution, flex, or manufacturing uses. The building includes approximately 1,000 square feet of office space, a kitchen/lounge area, and two bathrooms. A mezzanine adds approximately 1,800 square feet of additional space. The property offers ample parking with approximately 14 spaces. Its prime location in DuPage County provides easy access to major highways, O'Hare Airport, and public transportation. The asking price is $990,900, translating to $91.89 per square foot. Currently 100% occupied, this property offers immediate return on investment and significant long-term potential. The concrete perimeter foundation and membrane roof ensure durability and longevity. This is a free-standing building, providing excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, versatile industrial property in a highly desirable location.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,144 SF
Lot 0.53 ac (23,087 SF)
Zoning code I
APN 03-15-201-021
UPID US28-2077161

Cap rate & NOI

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

Location

229 Central Ave Wood Dale, IL 60191-1603
Wood Dale metro Census 840103 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
$740k
Comparable Approach Comparable
by Request
Blend (final) Blend
$485k

Owner & transaction history

since 2025
3 recorded transactions
2025
$880,000
2017
Price N/A
2008
Price N/A

Zoning & alternative use

I · Wood Dale, IL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 229 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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