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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Industrial properties
854 Addison Ave, Elmhurst, IL 60126-1218
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2628029
Property summary
AI-generated overview
This exceptional Class A industrial property, located at 854 N Addison Ave in Elmhurst, IL 60126, offers 31,510 square feet of versatile space ideal for manufacturing, warehousing, or distribution. Situated on 1.14 acres, this single-tenant building boasts a modern design and high-quality construction. Features include precast walls, a steel roof structure, a 4-inch concrete slab (with thicker slab optional), a 10'x14' overhead door at the rear dock, three recessed truck docks with levelers, and two convenient drive-in doors. The building offers a 20-foot interior clearance (with higher clearance optional) and ample power with 1200 amp electric service. The property is zoned I1 and features APN 03-26-403-016-0000. Delivered as a warm lit shell, this building is anticipated to be ready for occupancy by March 2025. Approximately 25,884 square feet will be available for lease. This is a prime opportunity to secure a state-of-the-art industrial space in a desirable Elmhurst location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
0.48 ac (20,909 SF)
Zoning code
I
APN
03-26-403-016
UPID
US28-2628029
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
-
SE SOENKSEN General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
4chq LLC · 2 yrs held
4chq LLC
since 2023
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
I · Elmhurst, 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 Elmhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmhurst 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
$620,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $700k (Oct 2 2023)
Last sale anchor
$700k
Oct 2 2023
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
—
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
$2,915
Tax year 2023
Assessed value
$55,230
Assessed 2023
Previous assessed
$51,810
+6.6% YoY
Effective rate
5.28%
On assessed value
Assessed land
$29,650
Assessed improvement
$25,580
Land market value
$88,950
Improvement market value
$76,740
Total market value
$165,690
Applied tax rate
3,226.0000
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
Off-Market
Heating
NONE
Lot
0.48 ac (20,909 SF)
Zoning code
I
APN
03-26-403-016
UPID
US28-2628029
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Elmhurst, IL
Zoning I · permitted uses
I · Elmhurst, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmhurst. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
4chq LLC
Entity
Mailing address
6405 CATON FARM RD, PLAINFIELD, IL 60586-8209
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
$700,000
4chq LLC
Fritz R Schriever
Warranty Deed
$833,000 · Heartland Bank & Trust Co
Jun 3, 2022
$295,000
Fritz R Schriever
Elmridge D LLC
Warranty Deed
$141,000 · Community Bank Of Elmhurst
May 7, 2013
$140,000
Elmridge D LLC
Trust 12108
Grant Deed
—
Aug 20, 2001
—
West Suburban Bank Trustee
Schroeder,william C & Libbie A
Grant Deed
related
—
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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