CRER is pleased to announce the successful closing of 450 Bennett Rd. in Elk Grove Village, the latest industrial transaction completed by Timothy Keenan. The acquisition continues a strong track record of representing buyers, sellers, and investors throughout the Chicago metropolitan area’s industrial market.
Demand for well-located small- and mid-bay industrial buildings remains strong, particularly properties offering functional warehouse space, quality office buildouts, and Industrial Outdoor Storage (IOS) capabilities.
450 Bennett Rd., Elk Grove Village
Timothy Keenan represented the buyer in the acquisition of this 5,049-square-foot freestanding industrial warehouse located within Elk Grove Village’s highly desirable O’Hare industrial corridor. The property sold for $605,000 ($119.82 per square foot) and provides an excellent combination of office and warehouse space for an owner-user.
The building includes approximately 1,500 square feet of finished office space with a reception area, private office, conference room, bullpen, and two restrooms. The warehouse features 14-foot clear ceilings, one interior loading dock, and one drive-in door, while a new roof completed in 2025 provides immediate long-term value.
Property Highlights
- Sale Price: $605,000 ($119.82 PSF)
- 5,049 SF freestanding industrial warehouse
- Approximately 1,500 SF of finished office space
- New roof completed in 2025
- Excellent access to I-90 and Arlington Heights Road
Additional Recent Industrial Transactions
In addition to the Elk Grove Village acquisition, Timothy Keenan recently completed several industrial investment and flex property transactions across Chicago’s northwest suburbs.
1541–43 Bourbon Pkwy., Streamwood
Timothy represented both the buyer and seller in the sale of this 12,500-square-foot industrial flex building situated on approximately 27,000 square feet of land. The property’s strong Industrial Outdoor Storage (IOS) capabilities made it an attractive investment. Following the acquisition, Timothy leased all three tenant spaces, bringing the property to full occupancy for the new owner.
Centex Industrial Park, Schaumburg
Timothy represented the buyer in the acquisition of a 4,500-square-foot industrial flex building on a 32,000-square-foot site. After purchasing the property, the client chose to sell, and Timothy successfully represented both buyer and seller in the resale. The property’s exceptional land-to-building ratio created a strong IOS investment opportunity.
1537 Burgundy Pkwy., Streamwood
Timothy represented both the buyer and seller in the sale of this 5,000-square-foot industrial flex building. After closing, he was retained to lease the property for the new owner, successfully bringing the building to full occupancy through targeted marketing and leasing efforts.
Continued Demand for Small-Bay Industrial Properties
These transactions reflect several trends that continue to support Chicago’s industrial market:
- Strong demand for owner-user industrial buildings
- Limited supply of Industrial Outdoor Storage (IOS) properties
- Healthy leasing activity across the northwest suburbs
- Continued interest from investors seeking value-add opportunities
- Low vacancy throughout the O’Hare industrial corridor
Elk Grove Village and the surrounding O’Hare submarket remain among the region’s strongest industrial markets due to their proximity to O’Hare International Airport, major expressways, and an established industrial business base. These fundamentals continue to drive demand from both local companies and national users.
Across these transactions, Timothy Keenan has successfully represented buyers, sellers, and investors while helping clients acquire, dispose of, lease, and maximize the value of industrial real estate assets throughout the Chicago market.
Contact Timothy Keenan
If you are considering buying, selling, leasing, or investing in industrial real estate throughout the Chicago metropolitan area, Timothy Keenan provides experienced market knowledge and strategic representation.
For more information about these recent transactions or to discuss your industrial real estate needs, contact Timothy Keenan at CRER.
