502 Vis Ave Addison, IL 60101-4423
Property profile & analytics
502 Vis Ave Addison, IL 60101-4423
- Industrial properties
- 37,726 SF
- 1.41 lot acres
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.
Location Intelligence
Current Use by Public Records
- Aim Inc / Industrial Manufacturer / Production Facility
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
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,705,000
- 6.5%
- $2,500,000
- 7%
- $2,320,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,895,000
Market price range: $2.90M - $4.22M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $3,410,000 Current use
- WAREHOUSE, STORAGE
- $3,930,000 Change: +15% Conversion: Easy
Get a detailed, property-specific estimation — 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
