Property profile

294 Commonwealth Dr Carol Stream, IL 60188

FOR LEASE
Industrial properties
Property ID
US28-1251207
10,176 SF 0.8 ac lot Built 1991
Entity Owned 2-yr Hold ~ Est. High Equity
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294 Commonwealth Dr, Carol Stream, IL 60188 For Lease
$1,225,000 10,880 SF available
294 Commonwealth Dr, Carol Stream, IL 60188
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Property summary

AI-generated overview

This exceptional 10,880-square-foot commercial property, located at 294 Commonwealth Drive in Carol Stream, Illinois, presents a unique opportunity for a single tenant. Situated on a 0.82-acre lot in DuPage County, this building offers a versatile blend of executive office space and refrigerated/cold storage capabilities. The building features a substantial 10,880 square feet of entirely vacant space, ready for immediate occupancy. High ceilings, measuring 14 feet, provide ample vertical space for various uses. Three convenient drive-in bays ensure efficient loading and unloading. The property boasts robust electrical service, including 480/220 3-phase power at 400 amps, suitable for demanding operations. The property is classified as both Office and Industrial, making it ideal for businesses requiring a combination of office space and specialized storage. Its location in Carol Stream, Illinois, offers easy access to major transportation routes and a thriving business community. This single-tenant occupancy property is ready for immediate lease. The property's zoning and specific permitted uses should be verified independently. Don't miss this chance to secure a highly functional and strategically located commercial space. Contact us today to schedule a viewing.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1991
Total area 10,176 SF
Lot 0.8 ac (34,848 SF)
Zoning code I
APN 05-05-204-025
UPID US28-1251207

Cap rate & NOI

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

Location

294 Commonwealth Dr Carol Stream, IL 60188
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
$1.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.23M

Owner & transaction history

since 2024
Last sale
$1.2M
3 recorded transactions
2024
$1.2M
2018
Price N/A
2007
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 $1.8M +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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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