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740 Schneider Dr 40,000 SF Industrial Building South Elgin, IL 60177 $5,500,000 ($137.50/SF)
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- 740 Schneider Drive is a 40,000-square-foot, substantially completed cannabis/ craft grow facility on a 2.42-acre M-2 zoned parcel.
- Exceptional opportunity for a craft grow facility’s distribution center delivering to local dispensaries or other possible uses.
- Prime opportunity to occupy completed growing and distribution space ready to accommodate today’s craft grow limits and well beyond.
- Convenient to Interstates 90 and 288, 11 miles from the Millard Rail Station, and under an hour’s drive to O’Hare Int’l and Midway Int’l.
- Features include two drive-ins, one dock-high loading door, a 19’ ceiling height, dedicated office space, cultivation space, and ample parking.
EXECUTIVE SUMMARY
Rick Levin & Associates presents the court-ordered real estate auction at 740 Schneider Drive in South Elgin, Illinois.
740 Schneider Drive is a 40,000-square-foot warehouse zoned M-2, approved for a craft grow facility by the village of South Elgin. The industrial property is ideally suited for distribution to local dispensaries or other potential uses. The warehouse features a 19-foot, 6-inch ceiling height, drive-in and dock-high loading capabilities, ample surface parking, a heavy power supply, floor drains, and a security system. The facility is designed and built with flower rooms, vegetation rooms, an extraction and infusion kitchen, a fertigation room, drying rooms, packaging rooms, a vault, a locker room, and office space.
South Elgin is conveniently located near major transportation corridors, including Route 31, Route 20, and Interstate 90, offering easy access to Chicago and surrounding cities, such as Elgin and Geneva. Daytime employees rely on the Metra train stations in Elgin and Geneva to get to downtown Chicago and other suburbs. 740 Schneider Drive is 30 miles from Chicago O'Hare International Airport and 40 miles from Chicago Midway International Airport. The nearest freight port, the Port of Milwaukee, is reachable in a day's drive.
The Chicago market is a dynamic metro with unmatched infrastructure and intellectual capital. It has two international airports, a robust financial center, and top-tier universities. Chicago boasts a highly skilled and educated workforce, with 39% of adult residents holding a bachelor's degree or higher. Trade, transportation, utilities, and manufacturing power Chicago's industrial sector. Specific to the subject's 5-mile radius, more than 24,200 daytime employees report to warehouse occupations.
740 Schneider Drive is a 40,000-square-foot warehouse zoned M-2, approved for a craft grow facility by the village of South Elgin. The industrial property is ideally suited for distribution to local dispensaries or other potential uses. The warehouse features a 19-foot, 6-inch ceiling height, drive-in and dock-high loading capabilities, ample surface parking, a heavy power supply, floor drains, and a security system. The facility is designed and built with flower rooms, vegetation rooms, an extraction and infusion kitchen, a fertigation room, drying rooms, packaging rooms, a vault, a locker room, and office space.
South Elgin is conveniently located near major transportation corridors, including Route 31, Route 20, and Interstate 90, offering easy access to Chicago and surrounding cities, such as Elgin and Geneva. Daytime employees rely on the Metra train stations in Elgin and Geneva to get to downtown Chicago and other suburbs. 740 Schneider Drive is 30 miles from Chicago O'Hare International Airport and 40 miles from Chicago Midway International Airport. The nearest freight port, the Port of Milwaukee, is reachable in a day's drive.
The Chicago market is a dynamic metro with unmatched infrastructure and intellectual capital. It has two international airports, a robust financial center, and top-tier universities. Chicago boasts a highly skilled and educated workforce, with 39% of adult residents holding a bachelor's degree or higher. Trade, transportation, utilities, and manufacturing power Chicago's industrial sector. Specific to the subject's 5-mile radius, more than 24,200 daytime employees report to warehouse occupations.
MATTERPORT 3D TOURS
3D Exterior
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SALE FLYER
PROPERTY FACTS
| Price | $5,500,000 | No. Stories | 1 |
| Price Per SF | $137.50 | Year Built | 1993 |
| Sale Type | Investment | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 19’6” |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 2.42 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 40,000 SF | ||
| Zoning | M-2 - Zoned for Craft Grow Facility by Village of South Elgin | ||
| Price | $5,500,000 |
| Price Per SF | $137.50 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.42 AC |
| Rentable Building Area | 40,000 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Tenancy | Single |
| Parking Ratio | 1.25/1,000 SF |
| Clear Ceiling Height | 19’6” |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | M-2 - Zoned for Craft Grow Facility by Village of South Elgin |
AMENITIES
- Floor Drains
- Security System
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Chicago
2,705,994
38
0 h 52 m
Indianapolis
867,125
219
4 h 21 m
Detroit
672,662
322
6 h 8 m
Columbus
892,533
396
7 h 39 m
Nashville
669,053
506
9 h 34 m
Memphis
650,618
575
10 h 40 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
524,104
Total Labor Force
288,810
Unemployment Rate
3.80%
Median Household Income
$98,213
Warehouse Employees
62,790
High School Education Or Higher
89.30%
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Wing It On | Burgers | - | 3 min walk |
| Flat Top Grill | - | - | 3 min walk |
| Genghis Grill | - | - | 3 min walk |
| BD's Mongolian Grill | - | - | 3 min walk |
| Burger King | - | - | 9 min walk |
RETAIL |
||
|---|---|---|
| Thorntons | Convenience Market | 9 min walk |
HOTELS |
|
|---|---|
| Quality Inn |
76 rooms
14 min drive
|
| Super 8 |
63 rooms
14 min drive
|
| Extended Stay America Suites |
141 rooms
13 min drive
|
| Best Western Plus |
128 rooms
13 min drive
|
| Holiday Inn |
243 rooms
14 min drive
|
| Marriott White Label Upper Midscale |
107 rooms
14 min drive
|
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $752,299 | |
| Land Assessment | $213,273 | Total Assessment | $965,572 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$213,273
Improvements Assessment
$752,299
Total Assessment
$965,572
SALE ADVISOR
SALE ADVISOR
Rick Levin, Auctioneer / Broker
Mr. Levin is President of Rick Levin & Associates, Inc (RLA). He has been in the auction business since 1990. Mr. Levin is a licensed real estate broker in Illinois and a general member of the National Association of Realtors®, Illinois Association of Realtors®, National Auctioneer’s Association, and was also a member of the National Association of Realtors® Auction Committee.
Mr. Levin has experience in all phases of the auction business, ranging from a variety of real estate and personal property auctions, including vacant land; commercial office buildings; luxury single family homes; developer close-outs of homesites, townhomes, condominiums and single family homes, vacation properties; processing plants; and shopping centers to personal property auctions for antiques, aircraft, boats, memorabilia, numerous varieties of vehicles and heavy construction equipment. These sales have been conducted on behalf of a variety of clients, including the Internal Revenue Service, the Chicago Housing Authority, US Bankruptcy Trustees, Fannie Mae, Freddie Mac, the US Army, Bank of America, Mcdonalds Restaurants, Harris Bank, Chase Bank, University of Chicago, state governmental departments, municipal corporations, local school boards, quasi-governmental organizations, non-profits, banks, institutional lenders, insurance companies, retailers, investment corporations, developers and individuals.
In 2000, Mr. Levin was appointed by the Governor of Illinois to sit on the Illinois Auction Advisory Board, a division of the Office of Banks and Real Estates, which oversees the administration of the Illinois Auction License Act. The License Act regulates the auctioneers who are licensed with the State of Illinois. Mr. Levin was also appointed in 2005 to the Advisory Board of the School of Real Estate at Roosevelt University in Chicago.
Mr. Levin graduated in 1986 from the School of Business of the University of Illinois-Champaign/Urbana with a business degree in marketing.
Mr. Levin has experience in all phases of the auction business, ranging from a variety of real estate and personal property auctions, including vacant land; commercial office buildings; luxury single family homes; developer close-outs of homesites, townhomes, condominiums and single family homes, vacation properties; processing plants; and shopping centers to personal property auctions for antiques, aircraft, boats, memorabilia, numerous varieties of vehicles and heavy construction equipment. These sales have been conducted on behalf of a variety of clients, including the Internal Revenue Service, the Chicago Housing Authority, US Bankruptcy Trustees, Fannie Mae, Freddie Mac, the US Army, Bank of America, Mcdonalds Restaurants, Harris Bank, Chase Bank, University of Chicago, state governmental departments, municipal corporations, local school boards, quasi-governmental organizations, non-profits, banks, institutional lenders, insurance companies, retailers, investment corporations, developers and individuals.
In 2000, Mr. Levin was appointed by the Governor of Illinois to sit on the Illinois Auction Advisory Board, a division of the Office of Banks and Real Estates, which oversees the administration of the Illinois Auction License Act. The License Act regulates the auctioneers who are licensed with the State of Illinois. Mr. Levin was also appointed in 2005 to the Advisory Board of the School of Real Estate at Roosevelt University in Chicago.
Mr. Levin graduated in 1986 from the School of Business of the University of Illinois-Champaign/Urbana with a business degree in marketing.
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