Versatile Commercial Building in
1175 Jansen Farm Court Elgin, IL 60123
1175 Jansen Farm Court, Elgin, IL, 60123
$2,000,000
For Sale
$2,000,000
COMMERCIAL - Elgin, IL
Property Size12,400 SF
Lot Size1.12 Acres
Price / SF$161.29
Days on Market106
Property Features for 1175 Jansen Farm Court
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0604402002
- Size
- 12,400 SF
- Lot size
- 1.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 37834
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1987
- Floors in Building
- 1
Listing agency
Keller Williams Success Realty
(847) 381-9500
Listed by
Randall Nosalik · License #475150328
(847) 381-9500
Added: Apr 9 Updated: May 13 at 11:19AM Checked: Jul 23 at 7:06AM
MLS# 12614069
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 12,400 square foot commercial building is situated on a 1.12-acre lot and is designed to accommodate a variety of industrial, flex, or specialty uses. The property can be divided into three separate units: an 8,400 square foot unit, and two 2,000 square foot units, offering flexibility for owner-users or investors. The building features 14-foot ceiling heights and 800 amp electrical service. It has a functional layout with three drive-in doors and one exterior dock with leveler, facilitating efficient loading and operations. There is ample on-site parking to accommodate over 50 vehicles. The interior includes approximately 2,700 square feet of office space, featuring a reception area, private offices, and a lunchroom/cafeteria. Each unit has its own restroom facilities. Two units have specialized electrostatic flooring, while the third includes epoxy-coated floors, suitable for technical or light industrial uses. Capital improvements include a new roof installed in 2021, five HVAC units installed in 2023, a new air conditioner, air handler, and unit heater installed in 2024, along with upgraded ductwork and UV sanitation lighting to enhance air quality and operational efficiency. This move-in ready property offers flexibility, functionality, and modern upgrades.
Key Highlights
- Versatile 12,400 SF commercial building on 1.12 acres suitable for industrial, flex, or specialty uses.
- Divisible into three separate units for owner‑users or investors.
- Recent capital improvements: New roof (2021) and five HVAC units (2023, 2024) with UV sanitation lighting.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $223.2k | $18.00 |
| − Vacancy | −$22.3k | −$1.80 |
| EGI | $200.9k | $16.20 |
| − OpEx | −$70.3k | −$5.67 |
| NOI | $130.6k | $10.53 |
12,400 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.87M
$1.63M – $2.18M
NOI $130,572 @ 7.0% cap · market cap 6.53%
Second Best
Warehouse
$925.9K
$810.2K – $1.08M
NOI $64,816 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$4.28M
$3.75M – $4.99M
NOI $299,681 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Induction Innovations Inc
Big Box & Wholesale Store
Circuits By Us, ...
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 12,400 SF commercial building suitable for industrial, flex, or specialty uses.
Where is this flex space located?
The property is located at 1175 Jansen Farm Court Elgin, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Versatile 12,400 SF commercial building on 1.12 acres suitable for industrial, flex, or specialty uses.; Divisible into three separate units for owner‑users or investors.; Recent capital improvements: New roof (2021) and five HVAC units (2023, 2024) with UV sanitation lighting.
