740 Schneider Dr - Manufacturing FOR SALE


South Elgin, IL 60177
$2,100,000 USD
312-656-2025
740 Schneider Dr, South Elgin, IL for Sale
$2,100,000 USD
Manufacturing - FOR SALE
1/17
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

This industrial/manufacturing property presents an exceptional opportunity for users or investors seeking a versatile asset in South Elgin. The one-story, 40,000-square-foot building rises with 19’6” ceilings and offers functionality for production, storage, and related operations. Zoned M-2, the site spans 2.42 acres and includes three loading docks to streamline logistics. Previously permitted for a craft grow facility by the Village of South Elgin, this location remains highly adaptable for various uses, including distribution for local dispensaries or light manufacturing. Positioned near regional transportation networks, the property ensures convenient access to major marketplaces and urban centers. Offered as a court-ordered sealed-bid sale, the asset will transfer to the highest bidder, subject to court approval, with a minimum bid of $2,100,000—significantly lower than its previous listing of $9,800,000. This auction structure creates notable potential for value-driven acquisition in a growing submarket.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$53 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
312-656-2025

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Rick LevinRick Levin & Associates, Inc.More Info
312-656-2025

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