100 W Industrial Rd Industriel/Logistique 1 815 m² À vendre Addison, IL 60101 1 644 070 € (905,89 €/m²)

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 100 West Industrial Road in Addison, Illinois. The subject property consists of approximately 19,535 square feet of warehouse space and is situated on 0.69 acres of land. The single-tenant asset features 6,000 square feet of office space, a clear height of 13’, one dock-high door, full air conditioning, and heavy power with 800 amps. Situated across the street from the building is an additional 0.57-acre paved parking lot that can be used for outdoor storage. Located in Dupage County, the landlord has a competitive tax advantage over neighboring Cook County property owners. Primely positioned within the West Suburbs submarket, the property has proximity to Interstates 355, 290, and 294. For sale as vacant, buyers have an owner-user or lease-up opportunity.
West Suburbs is a large submarket containing 42.8 million square feet of industrial space. Given its proximity to the O’Hare International Airport, West Suburbs is heavily impacted by freight transportation. Due to a lack of available land, the submarket’s inventory has largely been fixed since the turn of the century. In 2024, industrial demand in the submarket contracted by about -174,000 square feet, however, no new industrial properties were delivered. As a result, the vacancy rate only increased by 40 basis points to 3.2 percent, sitting below the 5.4 percent market average in Chicago and representing less than half the 7.0 percent national average (top 50 metros, minimum 10,000 square feet, & Classes A, B, & C). Despite the lack of new supply and low vacancy rate, annual rent growth decelerated 280 basis points on the year to 3.8 percent. With only about 32,000 square feet of industrial space underway at the start of 2025, vacancies and rents will largely be dependent upon 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 9.5 million people, including 2.7 million residents within the city of Chicago. The number of corporate headquarters in Chicago is second only to New York City and is home to 33 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).