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    565 N State St Elgin, IL 60123

    For Lease
    $13 SF/Yr

    Warehouse - Elgin, IL

    Type:Single Family Residence
    Days on Market:
    224
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 565 N State St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    COMMR

    Building Details

    Year built
    1962
    Architectural style
    Other

    Patron, Inc (dba RE/MAX Horizon) (630) 215-6600 [email protected]

    Listing agent Ben Henrikson (847) 931-7500 License #475091643

    Listing date Apr 26, 2025

    MLS# 12220430 Listing URL

    Copyright © 2025 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.

    Overview

    Warehouse Space on Route 31

    This solid brick warehouse building is located in Elgin, Illinois, and offers exposure on Route 31. The property is zoned COMMR and suitable for various uses, including small engine repair, contractor services, and warehousing. Note that the space cannot be used for auto or truck repair.
    Property Profile Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Trailer Rental Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Public Storage, Public Storage

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2951348
    Latitude
    42.054839

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    FAQs

    What type of property is this?
    Warehouse - Warehouse space available for lease in Elgin, Illinois.
    Where is this warehouse located?
    The property is located at 565 N State St Elgin, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Terrific exposure on Rt. 31; - Solid Brick Warehouse building; - Suitable for contractors or warehousing
    (847) 931-7500
    Request Owner's contact information
    565 N State St Elgin, IL 60123
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    Elgin, IL 60123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    565 N State St Elgin, IL 60123
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