Financial
Distress signals
Property profile

537 Discovery Dr West Chicago, IL 60185

FOR LEASE
Other industrial properties
Property ID
US28-0023631
26.41 ac lot
Last sale Aug 2023 · $41,222,500
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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537 Discovery Dr, West Chicago, IL 60185 For Lease
$22,635,000
537 Discovery Dr, West Chicago, IL 60185
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Property summary

AI-generated overview

The property is a Class A industrial building featuring pre-cast concrete and glass exterior construction. It is configured to support manufacturing and distribution uses. Space is available in multiple sizes, approximately 113,037 to approximately 224,146 square feet, and the property is located in West Chicago, Illinois.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$700k
Tax billed · 2023
Assessed value$7.52M
Assessed land$1.34M
Assessed improvement$6.17M
Effective rate9.31%

Value estimate

· Sep 2026
$22.64M
$20.37M – $24.90M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$88/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$64 – $112

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDU PAGE

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service8.6
Auto Parts Store8.2
Home Appliance Store7.7

Location

537 Discovery Dr West Chicago, IL 60185
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
505 Wegner, West Chicago, IL 60185-2626 $1,034,000 Dec 2025 19,837 SF
1400 Powis, West Chicago, IL 60185-1644 $5,600,000 Jun 2025 67,500 SF
1275 Roosevelt, West Chicago, IL 60185-4833 $5,750,000 Mar 2025 56,067 SF
1105 Carolina, West Chicago, IL 60185-1713 $1,750,000 Jan 2025 20,020 SF
W, Chicago, IL 60185 $4,017,000 Aug 2024 39,536 SF
1350 Harvester, West Chicago, IL 60185-1612 $4,017,000 Aug 2024 45,085 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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