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740 Schneider Dr 40,000 SF Industrial Building South Elgin, IL 60177 $2,986,746 CAD ($74.67 CAD/SF)
Investment Highlights
- 740 Schneider Drive is a 40,000-square-foot, substantially completed cannabis/ craft grow facility on a 2.42-acre M-2 zoned parcel.
- Exceptional opportunity for a craft grow facility’s distribution center delivering to local dispensaries or other possible uses.
- Prime opportunity to occupy completed growing and distribution space ready to accommodate today’s craft grow limits and well beyond.
- Convenient to Interstates 90 and 288, 11 miles from the Millard Rail Station, and under an hour’s drive to O’Hare Int’l and Midway Int’l.
- Features include two drive-ins, one dock-high loading door, a 19’ ceiling height, dedicated office space, cultivation space, and ample parking.
Executive Summary
This industrial/manufacturing property presents an exceptional opportunity for users or investors seeking a versatile asset in South Elgin. The one-story, 40,000-square-foot building rises with 19’6” ceilings and offers functionality for production, storage, and related operations. Zoned M-2, the site spans 2.42 acres and includes three loading docks to streamline logistics. Previously permitted for a craft grow facility by the Village of South Elgin, this location remains highly adaptable for various uses, including distribution for local dispensaries or light manufacturing.
Positioned near regional transportation networks, the property ensures convenient access to major marketplaces and urban centers. Offered as a court-ordered sealed-bid sale, the asset will transfer to the highest bidder, subject to court approval, with a minimum bid of $2,100,000—significantly lower than its previous listing of $9,800,000. This auction structure creates notable potential for value-driven acquisition in a growing submarket.
Positioned near regional transportation networks, the property ensures convenient access to major marketplaces and urban centers. Offered as a court-ordered sealed-bid sale, the asset will transfer to the highest bidder, subject to court approval, with a minimum bid of $2,100,000—significantly lower than its previous listing of $9,800,000. This auction structure creates notable potential for value-driven acquisition in a growing submarket.
Property Facts
| Price | $2,986,746 CAD | No. Stories | 1 |
| Price Per SF | $74.67 CAD | Year Built | 1993 |
| Sale Type | Investment | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 19’6” |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 2.42 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 40,000 SF | ||
| Zoning | M-2 - Zoned for Craft Grow Facility by Village of South Elgin | ||
| Price | $2,986,746 CAD |
| Price Per SF | $74.67 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.42 AC |
| Rentable Building Area | 40,000 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Tenancy | Single |
| Parking Ratio | 1.25/1,000 SF |
| Clear Ceiling Height | 19’6” |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | M-2 - Zoned for Craft Grow Facility by Village of South Elgin |
Amenities
- Floor Drains
- Security System
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,069,965 CAD | |
| Land Assessment | $303,330 CAD | Total Assessment | $1,373,294 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$303,330 CAD
Improvements Assessment
$1,069,965 CAD
Total Assessment
$1,373,294 CAD
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740 Schneider Dr
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