Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2500 Touhy Avenue in Elk Grove Village, Illinois. The subject property consists of approximately 78,917 square feet of flex industrial space and is situated on 3.04 acres of land. The multi-tenant asset features three suites, a clear height up to 32’, three dock-high doors, three grade-level doors, 82 parking spaces, and three-phase heavy power with 800 to 1,200 amps and 240 to 480 volts. Located adjacent to the Chicago O’Hare International Airport, the property sits only 0.6 miles from Interstate 90, which feeds directly into Downtown Chicago. Fully occupied at an average rent of $8.56 per square foot, the asset is occupied by three tenants: ArtVidar Cabinetry, Woodface Company, and Royal Academy of Dance.
The subject property is well-positioned within the O’Hare submarket, containing a massive 112.8 million square feet of industrial space. Toward the end of Q2 2025, net absorption in O’Hare contracted by about -823,000 square feet. With no industrial properties being delivered during that time, the vacancy rate increased by 80 basis points on the quarter to 5.3 percent, well below the national average of 7.6 percent (based on top 50 metros, classes A, B, & C, minimum 10,000 square feet). While O’Hare’s annual rent growth has decelerated in recent years, like most markets, local rents have bucked the national trend since the beginning of the year, stabilizing at 4.4 percent in Q2. With less than 500,000 square feet under construction in O’Hare in Q2 (including no comparable projects between 50,000 and 100,000 square feet), supply will have a negligible impact on vacancies and rents 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. 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
Tel: (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. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0370034)
