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Property profile & analytics
FOR LEASE
Industrial properties
750 District Dr, Itasca, IL 60143
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-0127737
For Lease
1 / 2
$4,145,000
750 District Dr, Itasca, IL 60143
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Property summary
AI-generated overview
This exceptional 50,155-square-foot warehouse, located at 750 District Drive in Itasca, Illinois (zip code 60143), presents a significant opportunity for a single tenant. Situated on a 2.86-acre lot in DuPage County, this industrial property boasts impressive features. The warehouse features an 18-foot ceiling height, providing ample vertical space for storage and operations. Loading and unloading are facilitated by three loading docks and two drive-in doors. Ample parking is available with 20 car spaces and 20 trailer positions. The property is fully vacant and ready for immediate occupancy. Power is supplied by an 800-amp service at 240/120 volts. Annual property taxes are $1.77 per square foot. This property's strategic location in Itasca, Illinois offers easy access to major transportation routes, making it an ideal distribution hub. The property is currently available for lease. Contact us today to schedule a showing.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,115 SF
Lot
2.86 ac (124,582 SF)
Zoning code
I
APN
02-01-404-002
UPID
US28-0127737
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
j.d international (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.32M
Comparable Approach
Comparable
$5.05M
Blend (final)
Blend
$4.15M
Owner & transaction history
Fivf III Il5 LP · 1 yrs held
Fivf III Il5 LP
since 2025
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
I · Itasca, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Itasca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Itasca submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,595,000
6.5%
$3,320,000
7%
$3,080,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,230,000
Current use
WAREHOUSE, STORAGE
$5,220,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.15M
Range $3.73M – $4.56M · ±10% · vs last sale $5.00M (Jan 18 2025)
Last sale anchor
$5.00M
Jan 18 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$83 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$88,687
Tax year 2023
Assessed value
$1,253,560
Assessed 2023
Previous assessed
$867,640
+44.5% YoY
Effective rate
7.07%
On assessed value
Assessed land
$290,380
Assessed improvement
$963,180
Land market value
$871,140
Improvement market value
$2,889,540
Total market value
$3,760,680
Applied tax rate
2,054.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
50,115 SF
Lot
2.86 ac (124,582 SF)
Zoning code
I
APN
02-01-404-002
UPID
US28-0127737
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Itasca, IL
Zoning I · permitted uses
I · Itasca, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Itasca. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$5.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
2.86 ac
Current owner
From public records · entity-resolved
Fivf III Il5 LP
Entity
Free & Clear · 1 yrs held
Mailing address
3210 NE 59TH ST, FT LAUDERDALE, FL 33308-2837
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2025
$5,000,000
Fivf III Il5 LP
Czervik Holdings LLC
Special Warranty Deed
—
Jun 27, 2018
—
Czervik Holdings LLC
—
Deed
related
$1,357,500 · Florida Cmnty Bk NA
Jun 4, 2013
$2,297,500
Czervik Holdings LLC
Sub-op Fund II LP
Grant Deed
$1,800,000 · Florida Community Bank
Dec 16, 2004
$1,900,000
Sub-op Fund II
Prudential Insurance Co Of Americ
Grant Deed
related
—
—
—
Czervik Holdings LLC
—
Loan Modification
related
$1,357,500 · Florida Cmnty Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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