Occupy 4,200 SF now, collect rent on 7,200 SF, take it all in 2027

Description:

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 per square foot. The building is divided into two units with separate entrances. Unit B (131 Martin Lane), approximately 4,200 SF with the semi-truck dock, is vacant and available at closing. Unit A (135 Martin Lane), approximately 7,200 SF, is leased to Tri-State Hydraulics, an Elk Grove Village hydraulic repair company in business since 1973, through June 30, 2027 at $4,350 per month with no renewal options.

At this size an owner-user is usually choosing between a multi-tenant condo bay with no yard and a freestanding building that is all or nothing on day one. This is the middle: move into 4,200 SF with a semi-truck dock now, let the tenant next door help carry the building for the next year, and take the whole 11,400 SF when the lease ends — or keep both units leased. One block off Higgins Road, 1.1 miles from I-90 at Arlington Heights Road, inside the largest industrial park in North America.


Martin Lane sits in the industrial pocket between Higgins Road (IL 72) and the Jane Addams Tollway, one block south of Higgins and a mile from the I-90 interchange at Arlington Heights Road. The Elk Grove Technology Park (three buildings, 402,608 SF) is a third of a mile away, and the Elk Grove Business Park — the largest industrial park in North America at 3,800 acres and 62 million square feet — surrounds it. Half a mile west on Higgins Road, the Village approved a $1 billion, 150-megawatt Prime Data Centers campus of three buildings totaling more than 750,000 square feet (Village of Elk Grove Village). Elk Grove Village holds 53,112 jobs inside village limits, 47.6% of them in manufacturing, wholesale trade and transportation and warehousing (U.S. Census Bureau, LEHD LODES 2023).

Drive times from the door: I-90 at Arlington Heights Road 1.1 miles, I-90 at Elmhurst Road 2.5 miles, I-290 at Higgins Road 2.7 miles, IL-390 at Busse Road 3.8 miles, Woodfield 4.3 miles, I-294 at Touhy Avenue 6.6 miles, O'Hare's cargo area 6.8 miles, and downtown Chicago about 23 miles. Higgins Road carries 24,000 to 28,100 vehicles a day, Busse Road 30,500 and Arlington Heights Road 29,700 to 43,000 (Illinois Department of Transportation, 2025 average annual daily traffic).