Property profile

854 Addison Ave Elmhurst, IL 60126

OFF-MARKET
Industrial properties
Property ID
US28-2628029
0.48 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • General Contractor

Location

854 Addison Ave Elmhurst, IL 60126-1218
Elmhurst metro Census 840705 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$620k

Owner & transaction history

since 2023
Last sale
$700,000
4 recorded transactions
2023
$700,000
2022
$295,000
2013
$140,000
2001
Price N/A

Zoning & alternative use

I · Elmhurst, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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