138 Pierce St - Warehouse FOR SALE


Aurora, IL 60505- Downtown Aurora
$2,250,000 USD
972-755-5223
138 Pierce St, Aurora, IL for Sale
$2,250,000 USD
Warehouse - FOR SALE
1/10
null | Request Cap Rate

138 Pierce St
Aurora, IL 60505
Downtown Aurora


HIGHLIGHTS

  • Two-Building 61,951-Square-Foot Specialized Manufacturing Facility Situated on 3.59 Acres
  • Featuring 16’-30’ Clear Height, Two Dock Doors, and Seven Grade-Level Doors
  • Premier Accessibility: Adjacent to BNSF Rail Yard, Less than Three Miles from I-88
  • Zoned M-2 for Heaviest Industrial Use | Historical Metal Forging Use
  • Second-Largest City in Illinois | Outperforming Submarket with 4.4% Vacancy vs. 7.7% National Average

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 138 Pierce Street in Aurora, Illinois. The subject property consists of approximately 61,951 square feet of manufacturing space and is situated on 3.59 acres of land. The two-building asset features a clear height ranging between 16’ to 30’, two dock-high doors, seven grade-level doors, a wet sprinkler system, and metal construction. The property is zoned M-2 for the heaviest industrial and manufacturing uses. Located adjacent to the Metra BNSF Aurora Train Yard, the property sits only 2.4 miles south of Interstate 88 via North Lake Street. The subject property is well-positioned within the massive Interstate 88 West submarket, containing 82.7 million square feet of industrial space. In 2025, industrial demand held comfortably in positive territory with 1.0 million square feet absorbed on net. However, net deliveries added 2.1 million square feet of industrial space to the inventory. With supply outpacing demand, the vacancy rate rose to 4.4 percent, but remained well-below the 7.7 percent national average (based on the top 50 metros, classes A, B, C, and a minimum of 10,000 square feet). Despite the increase in availability, annual market rent growth in the Interstate 88 West submarket held steady at 4.3 percent last year, more than twice the national level. With about 1.6 million square feet of industrial space under construction in the submarket, representing 1.9 percent of inventory, vacancies and rents will largely be dictated by industrial 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 9.3 million people, including 2.7 million residents within the city of Chicago. With a population of more than 180,000, the subject city of Aurora ranks as the second-largest in the state. The number of corporate headquarters in Chicago is second only to New York City and is home to 30 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

$2,250,000 USD

PRICE/SF

$36 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fox Valley Forge Co.

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

UTILITIES

-

CLEAR CEILING HT

30 Ft

DOCKS

2

DRIVE INS

7

PARKING SPACES

20

LAND DETAILS

LAND ACRES

3.59

LAND SF

156,380

ZONING

M-2

APN/PARCEL ID

15-15-452-012,15-22-226-011

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 Notice.