Marcus & Millichap is pleased to present the opportunity to acquire the property located at 138 Pierce Street in Aurora, Illinois. The subject property consists of approximately 61,951 square feet of manufacturing space and is situated on 3.59 acres of land. The two-building asset features a clear height ranging between 16’ to 30’, two dock-high doors, seven grade-level doors, a wet sprinkler system, and metal construction. The property is zoned M-2 for the heaviest industrial and manufacturing uses. Located adjacent to the Metra BNSF Aurora Train Yard, the property sits only 2.4 miles south of Interstate 88 via North Lake Street.
The subject property is well-positioned within the massive Interstate 88 West submarket, containing 82.7 million square feet of industrial space. In 2025, industrial demand held comfortably in positive territory with 1.0 million square feet absorbed on net. However, net deliveries added 2.1 million square feet of industrial space to the inventory. With supply outpacing demand, the vacancy rate rose to 4.4 percent, but remained well-below the 7.7 percent national average (based on the top 50 metros, classes A, B, C, and a minimum of 10,000 square feet). Despite the increase in availability, annual market rent growth in the Interstate 88 West submarket held steady at 4.3 percent last year, more than twice the national level. With about 1.6 million square feet of industrial space under construction in the submarket, representing 1.9 percent of inventory, vacancies and rents will largely be dictated by industrial demand for the foreseeable future (CoStar).
Known as the Greater Chicagoland area, Chicago-Naperville-Elgin is the third-largest metro in the nation. The metro houses 9.3 million people, including 2.7 million residents within the city of Chicago. With a population of more than 180,000, the subject city of Aurora ranks as the second-largest in the state. The number of corporate headquarters in Chicago is second only to New York City and is home to 30 Fortune 500 companies. Thanks to eight commercial and passenger rail lines, the Port of Chicago, three international airports, and a vast network of freeways, Chicago is a major distribution and logistics hub. The local economy and workforce are highly diverse, supported largely by distribution, finance, manufacturing, and high-tech industries. As a multicultural city that thrives on the harmony and diversity of its neighborhoods, Chicago boasts 100 neighborhoods, 77 community areas, 50 wards, and eight major league sports teams, including two MLB teams. Chicago is a leader in reforming public schools, enhancing public safety and security initiatives, providing affordable housing in attractive and economically sound communities, ensuring accessibility for all, and fostering, social, economic, and environmental sustainability (Chicago.gov).
BROKER OF RECORD
STEVEN WEINSTOCK
Illinois Broker of Record
One Mid America Plaza, Suite 200
Oakbrook Terrace, IL 60181
Office (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
License: 471.011175
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0370018)
