O’hare Industrial Property
  • Client Owner
  • Status Sold
  • Location Elk Grove Village, IL
  • Description 118,388sq.ft of industrial space

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Overview

Situated on 4.2 acres in the heart of Chicago’s high-demand O’Hare submarket, 1221 Landmeier is within a block of Illinois Route 83 (Busse Road) and just minutes from O’Hare International Airport and I-90, I-290, and I-294. This industrial building has a rentable area of 118,388 SF: Unit A has a total of 72,188 SF of which approximately 20,000 SF is office, and Unit B has 46,200 SF with approximately 1,546 SF of office. This property was originally built in 1980, with an addition in 1992, and features a 5,000 SF climate controlled room, masonry construction, 20’ clear ceiling heights, is fully sprinklered with a wet system, and offers power of 1,200 amps with 480/277 volts. There are 66 existing car spaces, 9 interior docks and 3 drive-in doors, and the property is eligible for a significant tax reduction through the Cook County 6B tax incentive program.

Results

Sold for $3,075,000 in March, 2005.