100 W Industrial Rd - Warehouse FOR SALE


Addison, IL 60101
$1,900,000 USD
972-755-5223
100 W Industrial Rd, Addison, IL for Sale
$1,900,000 USD
Warehouse - FOR SALE
1/5
null | Request Cap Rate

100 W Industrial Rd
Addison, IL 60101


HIGHLIGHTS

  • Vacant Single-Tenant 19,535 Square-Foot Warehouse Situated on 0.69 Acres
  • Features 13’ Clear Height, One Dock Door, Full Air Conditioning, and 0.57 Acre Adjacent Parking Lot
  • Excellent Location Three Miles to I-290, Four Miles to I-355, and Six Miles to I-294
  • Located in Dupage County Provides a Competitive Tax Advantage to Neighboring Cook County Properties
  • Tight Barrier-to-Entry West Suburbs Submarket with 3.2% Vacancy vs. 7.0% National Average

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 100 West Industrial Road in Addison, Illinois. The subject property consists of approximately 19,535 square feet of warehouse space and is situated on 0.69 acres of land. The single-tenant asset features 6,000 square feet of office space, a clear height of 13’, one dock-high door, full air conditioning, and heavy power with 800 amps. Situated across the street from the building is an additional 0.57-acre paved parking lot that can be used for outdoor storage. Located in Dupage County, the landlord has a competitive tax advantage over neighboring Cook County property owners. Primely positioned within the West Suburbs submarket, the property has proximity to Interstates 355, 290, and 294. For sale as vacant, buyers have an owner-user or lease-up opportunity. West Suburbs is a large submarket containing 42.8 million square feet of industrial space. Given its proximity to the O’Hare International Airport, West Suburbs is heavily impacted by freight transportation. Due to a lack of available land, the submarket’s inventory has largely been fixed since the turn of the century. In 2024, industrial demand in the submarket contracted by about -174,000 square feet, however, no new industrial properties were delivered. As a result, the vacancy rate only increased by 40 basis points to 3.2 percent, sitting below the 5.4 percent market average in Chicago and representing less than half the 7.0 percent national average (top 50 metros, minimum 10,000 square feet, & Classes A, B, & C). Despite the lack of new supply and low vacancy rate, annual rent growth decelerated 280 basis points on the year to 3.8 percent. With only about 32,000 square feet of industrial space underway at the start of 2025, vacancies and rents will largely be dependent upon demand for the foreseeable future (CoStar). Known as the Greater Chicagoland area, Chicago-Naperville-Elgin is the third largest metro in the nation. The metro houses 9.5 million people, including 2.7 million residents within the city of Chicago. The number of corporate headquarters in Chicago is second only to New York City and is home to 33 Fortune 500 companies. Thanks to eight commercial and passenger rail lines, the Port of Chicago, three international airports, and a vast network of freeways, Chicago is a major distribution and logistics hub. The local economy and workforce are highly diverse, supported largely by distribution, finance, manufacturing, and high-tech industries. As a multicultural city that thrives on the harmony and diversity of its neighborhoods, Chicago boasts 100 neighborhoods, 77 community areas, 50 wards, and eight major league sports teams, including two MLB teams. Chicago is a leader in reforming public schools, enhancing public safety and security initiatives, providing affordable housing in attractive and economically sound communities, ensuring accessibility for all, and fostering social, economic, and environmental sustainability (Chicago.gov).

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

13 Ft

DOCKS

1

DRIVE INS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.69

LAND SF

30,056

ZONING

M-2

APN/PARCEL ID

03-33-108-011

ASK ABOUT THIS PROPERTY

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

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Adam AbushagurMarcus & MillichapMore Info
972-755-5223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.