740 Schneider Dr - Manufacturing FOR SALE


South Elgin, IL 60177
$5,500,000 USD
224-732-1310
740 Schneider Dr, South Elgin, IL for Sale
$5,500,000 USD
Manufacturing - FOR SALE
1/72
null | Request Cap Rate

740 Schneider Dr
South Elgin, IL 60177


HIGHLIGHTS

  • 740 Schneider Drive is a 40,000-square-foot, substantially completed cannabis/ craft grow facility on a 2.42-acre M-2 zoned parcel.
  • Convenient to Interstates 90 and 288, 11 miles from the Millard Rail Station, and under an hour’s drive to O’Hare Int’l and Midway Int’l.
  • Exceptional opportunity for a craft grow facility’s distribution center delivering to local dispensaries or other possible uses.
  • Features include two drive-ins, one dock-high loading door, a 19’ ceiling height, dedicated office space, cultivation space, and ample parking.
  • Prime opportunity to occupy completed growing and distribution space ready to accommodate today’s craft grow limits and well beyond.

OVERVIEW

Rick Levin & Associates presents the court-ordered real estate auction at 740 Schneider Drive in South Elgin, Illinois. 740 Schneider Drive is a 40,000-square-foot warehouse zoned M-2, approved for a craft grow facility by the village of South Elgin. The industrial property is ideally suited for distribution to local dispensaries or other potential uses. The warehouse features a 19-foot, 6-inch ceiling height, drive-in and dock-high loading capabilities, ample surface parking, a heavy power supply, floor drains, and a security system. The facility is designed and built with flower rooms, vegetation rooms, an extraction and infusion kitchen, a fertigation room, drying rooms, packaging rooms, a vault, a locker room, and office space. South Elgin is conveniently located near major transportation corridors, including Route 31, Route 20, and Interstate 90, offering easy access to Chicago and surrounding cities, such as Elgin and Geneva. Daytime employees rely on the Metra train stations in Elgin and Geneva to get to downtown Chicago and other suburbs. 740 Schneider Drive is 30 miles from Chicago O'Hare International Airport and 40 miles from Chicago Midway International Airport. The nearest freight port, the Port of Milwaukee, is reachable in a day's drive. The Chicago market is a dynamic metro with unmatched infrastructure and intellectual capital. It has two international airports, a robust financial center, and top-tier universities. Chicago boasts a highly skilled and educated workforce, with 39% of adult residents holding a bachelor's degree or higher. Trade, transportation, utilities, and manufacturing power Chicago's industrial sector. Specific to the subject's 5-mile radius, more than 24,200 daytime employees report to warehouse occupations.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

19.5 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.42

LAND SF

105,415

ZONING

M-2

APN/PARCEL ID

06-26-303-008,06-26-303-009

ASK ABOUT THIS PROPERTY

Rick LevinRick Levin & Associates, Inc.More Info
224-732-1310

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Rick LevinRick Levin & Associates, Inc.More Info
224-732-1310

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