311 Shr Dr Burr Ridge, IL 60527-5859
Property profile & analytics
311 Shr Dr Burr Ridge, IL 60527-5859
- Industrial properties
- 40,712 SF
- 2.59 lot acres
Property ID
US28-1934715
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.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 311 Shr Dr
- Year built
- 1977
- Lot size
- 2.59 lot acres
- Property size
- 40,712 SF
- Zone code
- N
- Property type
- Industrial properties
- APN
- 09-35-205-008
- APU
- 935205008
Description
Exceptional investment opportunity: a 40,650 square foot, free-standing Tesla Collision Center located at 311 Shore Dr, Burr Ridge, IL 60527, within the affluent Chicago MSA. This single-tenant property sits on a 2.58-acre lot and boasts a strong 6.25% cap rate, secured by a new long-term corporate lease with Tesla, Inc. The strategic location near Interstates 55 and 294 ensures high visibility and accessibility, driving increased customer traffic. This location serves a densely populated and affluent trade area, with a population of 2.68 million within a 15-mile radius and an average household income of $160,582 within 5 miles. Tesla's consistent profitability (18 consecutive profitable quarters, including $7.93B net income in Q4 2023) and investment-grade rating (Baa3 by Moody's and BBB by S&P) further solidify this investment's strength. The property's proximity to downtown Chicago (20 miles) adds to its appeal. This is a rare opportunity to acquire a high-performing asset anchored by a financially robust, globally recognized brand in a thriving market. The property's size and location make it an ideal site for Tesla, aligning perfectly with their site selection criteria. The addition of this Collision Center is expected to further boost Tesla's sales, service, and delivery operations in the Chicago area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,415,000
- ML approach
- $4,385,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,155,000
Market price range: $4.34M - $6.29M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $5,120,000 Current use
- OFFICE BUILDING
- $7,295,000 Change: +43% Conversion: Difficult
- WAREHOUSE, STORAGE
- $4,240,000 Change: -17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Burr Ridge
- County
- Dupage
- State
- Illinois
- Longitude
- -87.9367
- Latitude
- 41.7397
- 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
$53,762
$315,120
$728,590
$1,043,710
-
$945,360
$2,185,770
$3,131,130
