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Property profile & analytics

502 Vis Ave Addison, IL 60101-4423

  • Industrial properties
  • 37,726 SF
  • 1.41 lot acres
OFF-MARKET
Last Sale
Jul 20, 2022
$2,850,000
Value Estimations
$2,890,000
Show details
Cap Rate Potential
5.6%
Industrial properties
Location Intelligence
Property ID
US28-0033482
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.

Current Use by Public Records

  • Aim Inc / Manufacturer

Property Details for 502 Vis Ave

Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.41 lot acres
Property size
37,726 SF
Zone code
I
Property type
Industrial properties
APN
03-32-201-005
APU
332201005

Description

This exceptional 38,050-square-foot freestanding warehouse, located at 502 Vista Ave in Addison, IL, presents a compelling opportunity for businesses seeking a prime industrial space. The single-tenant building boasts a dynamic office layout encompassing approximately 3,673 square feet, perfectly complementing the expansive warehouse area. The warehouse features a 14-foot ceiling height, providing ample vertical space for operations. Loading is facilitated by three docks – two interior and one exterior – along with a convenient drive-in door. Parking is readily available with 41 stalls. The property benefits from robust power, supplied by a 2500A 120/208V system. Further enhancing its functionality, the building includes a wet sprinkler system and is fully air-conditioned. Situated in DuPage County, the property enjoys low and stable real estate taxes. Its strategic location offers immediate access to major transportation arteries, including I-290, I-355, and IL-64 (North Avenue), ensuring seamless logistics and efficient distribution. The proximity to O'Hare International Airport provides an added advantage for businesses with air travel needs. The property sits on 1.42 acres of land. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a highly desirable area. The property is available for sale or lease. The current Real Estate Tax and Operating Expenses are $1.75 per square foot.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,890,000
    ML approach
    $2,985,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,895,000
    Market price range: $2.90M - $4.22M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Addison
County
Dupage
State
Illinois
Longitude
-88.0021
Latitude
41.917
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
$42,710
$188,270
$391,920
$580,190
-
$564,810
$1,175,760
$1,740,570
More about this property
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