The property
Executive summary
135 Martin Lane is an approximately 11,400 SF one-story brick industrial building on 0.66 acre in Elk Grove Village, offered at $1,300,000 ($114/SF) to an owner-user of 4,200, 7,200 or 11,400 SF. Unit B (131 Martin Lane), approximately 4,200 SF with the semi-truck dock, is vacant at closing. Unit A (135 Martin Lane), approximately 7,200 SF, is leased to Tri-State Hydraulics through June 30, 2027 at $4,350 per month with no renewal options; its rent exceeds the 2025 tax bill of $47,683. Occupy Unit B at closing and keep Unit A leased, occupy Unit A after June 30, 2027 (or sooner by agreement with the tenant) and lease Unit B, or occupy the whole building. Pro forma about 6.9 cap with both units at estimated market rents ($12.50/SF Unit A, $13.00/SF Unit B, MG), after 2025 taxes and insurance; buyer to verify. Unit B has a warehouse of approximately 34' x 88' with a 10' drive-in door at the rear, a semi-truck loading dock at the front, overhead warehouse heaters, a front office, a private office with a window into…