400-440 Airport Rd - Warehouse FOR SALE


Elgin, IL 60123- Northwest Elgin
$21,500,000 USD
224-588-3026
400-440 Airport Rd, Elgin, IL for Sale
$21,500,000 USD
Warehouse - FOR SALE
1/4
null | Request Cap Rate

400-440 Airport Rd
Elgin, IL 60123
Northwest Elgin


HIGHLIGHTS

  • Located at the I-90 and Route 31 Cloverleaf Interchange
  • Planned Area Business Zoning (PAB) – Broad Use Potential
  • 13.3 Acre Development Parcel with Offsite Detention
  • Stabilized Asset with Significant Value-Add Potential
  • Strategically Located Between Chicago O'Hare International Airport (ORD) - 25 Minutes, and Chicago Rockford International Airport (RFD) - 45 Minutes

OVERVIEW

River Ridge Business Center is a 225,699 SF industrial / flex complex strategically located at the intersection of I-90 and Route 31, between O’Hare International Airport (ORD) and Chicago Rockford International Airport (RFD). The Property features a diverse tenant mix, including manufacturing, warehousing, and office uses. With NNN and modified gross (MG) lease structures, the Property offers stable cash flow and value-add upside for future rent growth. River Ridge Business Center provides convenient interstate access to I-90, enhancing value for tenants and employees. A 13.3-acre development site included in the sale provides a compelling opportunity for expansion. The growing manufacturing and logistics sectors in the Elgin area further support tenant stability and ongoing demand for industrial space, positioning River Ridge Business Center as an attractive investment with stable income, a diverse tenant mix, and significant growth potential for both immediate returns and long-term value appreciation. For access to the full Offering Memorandum, please contact the sale representatives below. Sale Contacts: Mike Deserto (mdeserto@entrecommercial.com, 224-588-3026), Cory Kay (ckay@entrecommercial.com, 224-532-2497), Daniel J. Benassi, SIOR (dbenassi@entrecommercial.com, 847-310-4298), or Elisabeth Lazzara (elazzara@entrecommercial.com, 847-310-4209).

FOR SALE DETAILS

PRICE

$21,500,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Ridge Business Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

8

DRIVE INS

17

PARKING SPACES

1150

LAND DETAILS

LAND ACRES

26.2

LAND SF

1,141,272

ZONING

PAB

APN/PARCEL ID

03-34-327-001,03-34-327-003,03-34-421-038,03-34-421-039,03-34-421-040,03-34-421-041

ASK ABOUT THIS PROPERTY

Mike DeSertoEntre Commercial Realty LLCMore Info
224-588-3026

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Mike DeSertoEntre Commercial Realty LLCMore Info
224-588-3026

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