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Frontline Real Estate Partners and RealINSIGHT Marketplace are pleased to present 1515 Louis Avenue, a 16,000 square foot single-tenant industrial warehouse, located in Elk Grove Village, Cook County, Illinois. (the “Property”). This opportunity provides investors with a rare opportunity to purchase a 100% leased, single-tenant industrial building within the O’Hare industrial corridor and with established, long time tenancy.

INVESTMENT HIGHLIGHTS

The building is fully leased to Systems II Transport Inc. who has been a Tenant at the building since 2009 and has been operating in the Chicago area since the 1980’s.

  • System II Transport Inc. is on a modified net lease with the Tenant being responsible for any increases in the real estate taxes above the base year in addition to reimbursing the owner for insurance and maintaining the Property except for roof and structure
  • Located adjacent to O'Hare International Airport and conveniently located within three (3) miles of Interstate 90 (I-90)
  • Elk Grove Village is home to the largest industrial park in North America with over 3,600 businesses located in its 5.4 square mile business park
  • Suburban industrial is currently at its lowest vacancy rate in decades

 

The Property rests within a prominent industrial corridor, approximately three (3) miles from both O'Hare International Airport and Interstate 90 (I-90). 1515 Louis Avenue consists of 16,000 SF and is zoned I-1 (Restricted Industrial District). The 14,400 SF warehouse is serviced by two (2) interior docks doors and one (1) drive-in door. Additionally, the building features 14’ ceiling heights, rooftop HVAC units, 1,200 AMP electrical service, and 1,600 SF of built out office space. Neighboring industrial users include Apex Window Werks, FedEx Trade Networks & Brokerage, Metal Impact LLC, Pepsi Beverages, Rolex Corporation, and UPS ORD CSI Gateway, among many others.

 

 

 

 

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

1515 Louis Avenue - Elk Grove Village Industrial

1515 Louis Avenue, Elk Grove Village, IL 60007

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Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Industrial Type
  • Distribution
  • Property Size
  • 16,000 Sq Ft
  • Land Area
  • 0.71 Acres
  • Year Built
  • 1980
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Parking Count
  • 19
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Aug 31, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Scott Bowers

      c/o Fisher Auction Company Inc.

      License: #040000273