135 Martin Ln 11,400 SF 100% Leased Industrial Building Elk Grove Village, IL 60007 $1,300,000 ($114.04/SF)

135 Martin Lane is an approximately 11,400 SF one-story brick industrial building on 0.66 acre (28,750 SF)
in Elk Grove Village, offered at $1,300,000. The building is divided into two units with separate
entrances. Unit B (131 Martin Lane), approximately 4,200 SF with the semi-truck dock, is vacant and
available at closing. Unit A (135 Martin Lane), approximately 7,200 SF, is leased to Tri-State Hydraulics,
an Elk Grove Village hydraulic repair company established in 1973, through June 30, 2027 at $4,350 per
month with no renewal options. A buyer can occupy 4,200 SF now and take the whole building in July 2027,
occupy Unit B and keep the Unit A tenant, or lease both units.
Unit B has a warehouse of approximately 34' x 88' with a 10' drive-in door at the rear, a semi-truck loading
dock at the front, overhead warehouse heaters, a front office, a private office with a window into the
warehouse, and two restrooms. Its service section carries three-phase power: two 200-amp three-phase panels
and a 100-amp three-phase tap, per the panel labels. Unit A has a warehouse of approximately 59' x 88' with a
12' drive-in door, a foreman's office looking into the warehouse, a front office, private offices, a
kitchenette, a mezzanine, and office and warehouse restrooms; its furnace, evaporator coil and 4-ton rooftop
condenser were replaced in July 2026. Approximately 14' clear. The roof is a mechanically attached TPO
system installed in 2007 (GAF EverGuard, 110 squares), inspected in 2025-26 and graded fair. Paved parking
for approximately 20 cars in front and a paved yard at the rear of the 250' deep lot. Not in a TIF district
and not in a FEMA flood zone (Cook County parcel data).
The Unit A lease is modified gross: the tenant pays its own utilities, routine maintenance, lawn care and
snow, and reimburses real estate taxes above a $2.50 per square foot base on 7,200 SF; the landlord holds
the roof, structure and capital HVAC. There is no guaranty. The executed 2018 lease and its 2024 extension
are available for review.
Zoning is I-1 Restricted Industrial District, Village of Elk Grove Village, where warehousing, wholesale
sales, light assembly, limited and general manufacturing, clean manufacturing, precision engineering,
laboratories, research laboratories, data centers, ambulance services and professional offices are
permitted by right. Equipment sales and rental, vehicle and truck repair, outdoor storage and trade schools
are conditional uses without a public hearing; indoor retail sales, medical and dental clinics, truck
terminals and mini-warehouse are special uses. Buyer to verify its intended use with the Village.
Martin Lane sits in the industrial pocket between Higgins Road (IL 72, 24,000 to 28,100 vehicles per day,
IDOT 2025) and the Jane Addams Tollway. I-90 at Arlington Heights Road is 1.1 miles, I-90 at Elmhurst Road
2.5 miles, I-290 at Higgins Road 2.7 miles, IL-390 at Busse Road 3.8 miles, O'Hare's cargo area 6.8 miles,
I-294 at Touhy 6.6 miles and downtown Chicago about 23 miles. The Elk Grove Technology Park (three
buildings, 402,608 SF) is a third of a mile away, and the Elk Grove Business Park, the largest industrial
park in North America at 3,800 acres and 62 million SF, surrounds it. Half a mile west on Higgins Road, the
Village approved a $1 billion, 150-megawatt Prime Data Centers campus of three buildings totaling more than
750,000 SF (Village of Elk Grove Village). Elk Grove Village holds 53,112 jobs inside village limits, 47.6%
of them industrial (U.S. Census Bureau, LEHD LODES 2023).
At $1,300,000 the price is $114 per square foot of building and $45 per square foot of land. Square
footage (11,400 SF including the dock area; the Cook County Assessor carries 10,910 SF), lot size, ceiling
height, electrical service, parking count and all lease and tax figures are drawn from the executed lease,
the 2025 Cook County tax bill, the Cook County Assessor record and seller-provided information, and must be
independently verified by buyer in due diligence.
Video: https://youtu.be/jleViAC4nuM
Jason Bitton, JasonCRE
(847) 858-2909
Jason@JasonCRE.com
Licensed Real Estate Broker, Illinois - 475170841