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

135 Martin Lane, Elk Grove Village, IL 60007

Property Information

  • For Sale $1,300,000
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 11,400 SF
  • Lot Size 0.66 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Oct 6, 2026
  • HVAC None

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.

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