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2800 Hitchcock Ave 13,705 SF 100% Leased Industrial Building Downers Grove, IL 60515 $1,939,000 ($141.48/SF) 7.43% Cap Rate



Investment Highlights
- 13,705-square-foot industrial building on 0.94 acres in Ellsworth Business Park.
- Flexible design allows conversion to three separate units with private entrances.
- Convenient access to I-355 and major regional transportation routes.
- 100% net leased to a single tenant through March 2026, providing stable income.
- Features include three drive-in doors, one dock-high door, and a clear height of 16 feet.
Executive Summary
This industrial property offers a prime investment or future owner-user opportunity within Ellsworth Business Park in Downers Grove, Illinois. The single-story building spans 13,705 square feet on a 0.94-acre lot and is strategically located near the I-355 and Maple Avenue interchange, providing excellent regional connectivity.
Currently 100% net leased to a single tenant through March 31, 2026, the property generates stable income with a 7.43% cap rate. Upon lease expiration, the building can be easily reconfigured into three separate units with private entrances, offering flexibility for multi-tenant occupancy. The facility features three overhead drive-in doors, one exterior dock, and one interior overhead door, supporting a range of light industrial and distribution uses. Additional amenities include a large kitchen/lunchroom, four washrooms plus a shower room, and high-end office finishes. The building is fully sprinklered and offers a clear ceiling height of 16 feet.
With its desirable location, adaptable layout, and strong existing income, this property represents a compelling acquisition for investors or businesses seeking a well-positioned industrial asset in a thriving suburban market.
Currently 100% net leased to a single tenant through March 31, 2026, the property generates stable income with a 7.43% cap rate. Upon lease expiration, the building can be easily reconfigured into three separate units with private entrances, offering flexibility for multi-tenant occupancy. The facility features three overhead drive-in doors, one exterior dock, and one interior overhead door, supporting a range of light industrial and distribution uses. Additional amenities include a large kitchen/lunchroom, four washrooms plus a shower room, and high-end office finishes. The building is fully sprinklered and offers a clear ceiling height of 16 feet.
With its desirable location, adaptable layout, and strong existing income, this property represents a compelling acquisition for investors or businesses seeking a well-positioned industrial asset in a thriving suburban market.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$23,045
|
$1.68
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$23,045
|
$1.68
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $23,045 |
| Annual Per SF | $1.68 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $23,045 |
| Annual Per SF | $1.68 |
Property Facts Under Contract
Amenities
- Signage
Utilities
- Water - City
- Sewer - City
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-11-210-011 | Total Assessment | $371,694 |
| Land Assessment | $119,913 | Annual Taxes | $23,045 ($1.68/SF) |
| Improvements Assessment | $251,781 | Tax Year | 2024 |
Property Taxes
Parcel Number
08-11-210-011
Land Assessment
$119,913
Improvements Assessment
$251,781
Total Assessment
$371,694
Annual Taxes
$23,045 ($1.68/SF)
Tax Year
2024
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2800 Hitchcock Ave
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