900 N State St in Elgin, IL, offers an exceptional industrial investment opportunity with 481,584 SF of space situated on 29.5 acres, plus the potential to expand with an additional 14 acres for Industrial Outdoor Storage (IOS) or future development. The property is anchored by three high-credit tenants, ensuring stable cash flow with a Weighted Average Lease Term (WALT) of 3 years with one 5 year extension per tenant and annual rent escalations. With an average rental rate of $4.32/SF—well below the $6.50/SF market rate—the asset presents significant mark-to-market potential, allowing for substantial upside. The tenants have a strong commitment to the site procuring site-specific licensing integral to their use and building an infrastructure that would be difficult to relocate. This is a rare chance to acquire a high-quality, income-generating property with long-term appreciation potential in a strategic location.