The Real Story

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September, 2019

I Scream Social 

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Industial Warehouse Space For Lease

40 South Street,
North Aurora, IL 60542

A very nicely built multi-use industrial and warehouse building in North Aurora is currently available in Dolan & Murphy's portfolio of properties.

15,000-25,000 sqft of premium warehouse space is available for lease at just $5.95/sqft gross!

Features include:

– 15,00-25,000 sqft
– 4 Docks
– Located 1 mi Southeast of I-88/Rt         31 Interchange
– Has some Outside Truck Yard
– Short term or long term available
– 20-40’ ceiling heights
– Clear Span

This is a great opportunity for and size industrial business to secure a clean, clear span space at a reasonable price.

"The Market for small to medium sized industrial spaces in this area is hot right now. We have a high demand and not a lot of inventory of this type of property," says Brian K. Dolan, Managing Broker at Dolan & Murphy.

For more information about this and other properties in the Aurora area, please contact a professional real estate broker at Dolan & Murphy at (630) 801-8800 today.

Suburban Office Needs Rail Lines Near By

By Denes Juhasz 
CoStar Analytics

March 6, 2020 | 12:48 P.M.

With suburban Chicago losing many of its office tenants to new space in the city's central business district, recent CoStar data suggests that offices that are being built in the suburbs are mostly near rail lines. Since 2015, about 2.6 million square feet of office space, mostly single-tenant, build-to-suit projects with a rentable building area of 50,000 square feet or greater, have chosen new space within a short walk or drive to nearby rail lines, offering employees and out-of-town business travelers easy access to and from downtown Chicago.

In fact, a survey of 17 office properties that total more than 50,000 square feet and were built since 2015 shows that more than 20% of these properties are located less than one mile from a rail line, nearly 30% are three miles or less, and almost 80% are within four miles of public transportation.

Development along suburban rail lines is likely to continue, as the aging millennial population has typically started households and raised children at a later age than previous generations. In addition, an aging population of baby boomers and Gen-Xers in the city's suburbs have benefited from these recent projects, as 30% of this new development in the sector has been medical office space.

As Cook County and the City of Chicago face fiscal and tax uncertainty at the hands of a new market-based tax assessment as well as an ever-increasing tax levy, these suburban office projects allow for easy transportation to and from residential communities located in the surrounding, lower-taxed counties of the Chicago office market.

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