$650,000
1212 Jarvis Ave, Elk Grove Village
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 4,500
Net Rentable (SqFt) 4,500
Units 1
Cap Rate 11.08%
NOI $72,000
Occupancy 100%
Tenancy Single
Lease Type Gross
Remaining Term 3
Pro-Forma Cap Rate 12%
Pro-Forma NOI $78,000
Price per SqFt $144
Broker Co-Op Yes
Year Renovated 2023
Buildings 1
Stories 1
Lot Size (SqFt) 13,700
Zoning M-1 Light Industrial
Parking Spaces spaces
Investment Type Stabilized
Ground Lease No
Ceiling Height 10-15
Loading Docks 1
Dock High Doors 1
Industrial | 4,500 SqFt
Marketing description
Property Overview
Opportunity to acquire a 4,500 SF industrial/flex building situated on a 13,649 SF lot in the core of Elk Grove Village, the largest contiguous industrial park in the United States.
The property offers excellent regional connectivity, located minutes from O’Hare International Airport with immediate access to I-90, I-290, I-355, and I-294, making it ideal for logistics, light manufacturing, or service-oriented industrial users.
The building is being offered as real estate only. The operating business has been sold and is not included.
Key Property Features
- Building Size: 4,500 SF
- Lot Size: 13,649 SF
- Clear Height: Approx. 10–15 ft
- Loading: 1 dock-high door and 1 drive-in door
- Power: 400-amp electrical service
- Parking: 8 on-site parking spaces
- Zoning: Industrial / Light Manufacturing
- Visibility: Same street as MSI, a major national stone distributor
Highlights
- Prime location within Elk Grove Village’s established industrial corridor, home to 3,600+ companies and approximately 90,000 employees
- Exceptional access to O’Hare International Airport and multiple interstate highways
- Flexible industrial/flex layout suitable for a broad range of users including light manufacturing, warehouse, showroom, service, or specialty trade operations
Investment highlights
Highlights
- Prime location within Elk Grove Village’s established industrial corridor, home to 3,600+ companies and approximately 90,000 employees
- Exceptional access to O’Hare International Airport and major transportation routes including I-90, I-290, I-355, and Route 83
- Flexible industrial/flex layout suitable for a wide range of uses including light manufacturing, warehouse, showroom, service, or specialty trade operations
- Income-producing asset: Property is currently leased with approximately 3 years remaining
- Stable cash flow: Generating $6,000/month gross rent
- Investor-friendly structure: Immediate income with upside potential through rent growth or repositioning
- Located within North America’s largest contiguous industrial park, offering unmatched infrastructure and business density
- Strategic position adjacent to O’Hare provides global logistics access and strong tenant demand
- Strong market fundamentals: O’Hare submarket vacancy remains tight (~4–5%), supporting long-term rent stability and demand
- Data center and tech-driven growth:
- Elk Grove Village has become a major Midwest data center hub with significant institutional investment
- Over $1 billion in new data center development is underway, reinforcing long-term demand for industrial assets
- Ongoing construction of large-scale data center campuses continues to drive absorption and infrastructure upgrades
- Power & infrastructure advantage: Industrial-grade electrical capacity and fiber connectivity make the area ideal for logistics, manufacturing, and high-tech users
- Cost advantage vs. Chicago: Lower operating and real estate costs compared to downtown Chicago while maintaining full metro access
- Positioned in one of the fastest-evolving industrial-tech corridors in the Midwest, benefiting from logistics, manufacturing, and digital infrastructure convergence
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,000.00
$6,000.00/mo
Valuation Metrics
0
DSCR
11.08%
Cap Rate
11.08%
ROI
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