Receiver Orders Sale: Leased Single-Tenant Building in Elgin
No Longer Available For Sale
516 Slade Ave.
Elgin, IL 60120
20,220 SF
Industrial Flex
The Details
- 20,220 SF flex industrial building
- Includes 3,600 SF office and 16,620 SF warehouse
- Leased to Airtronics Precision Gauge under annual tenancy agreement
- Ceiling Heights: 16’ clear
- Heavy power
- Fully air conditioned building
- Land Area: 1.1 acre or 46,464 SF
- Zoning: AB, area business
- Taxes (2012): $19,756
This single-tenant industrial building is located a short distance away from I-90 in Elgin. The 20,220 square foot flex building is leased to Airtronics Precision Gauge under an annual tenancy agreement. The building features a 16,620 square foot warehouse with 16’ ceilings that is currently used as a gauge manufacturing and repair shop.
The eight-largest city in Illinois, Elgin is located approximately 40 miles northwest of Chicago. The city has a strong industrial base, with 23.1 million square feet of industrial real estate. Industrial users prefer the close proximity to I-90 as well as several major routes connecting the northwest suburbs.