Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Building in Hampshire, IL Title is generated by Realmo AI

    895 S State Street S, Hampshire, IL 60140

    View on Map
    Claim this Listing
    For Sale
    $1,700,000

    COMMERCIAL - Hampshire, IL

    Type:Office
    Lot size:
    0.67 Acres
    Added:
    Apr 18, 2024
    Days on Market:
    751
    Last Refresh:
    May 8 at 11:06 pm

    Property Features for 895 S State Street S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    COMMR
    Standard status
    Active
    APN
    0127155003
    Lot size
    0.67 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    21200

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Floors in Building
    1
    Flooring type
    Carpet
    Building materials
    Brick, Concrete, Wood
    Roof type
    Composition

    We can help!

    Listing Contact
    Bruce Burklow

    Listing agent Bruce Burklow License #471018907

    Listing office RE/MAX Deal Makers 113 W Oak Knoll Dr, Hampshire, IL

    Listing date Apr 18, 2024

    MLS# 12033428

    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.

    HighLights

    • Well‑kept professional building.
    • Brick and concrete construction.
    • Central air conditioning.
    • Built in 1998.
    • Carpet flooring.
    • Composition roof.

    Overview

    This commercial building is located in Hampshire, Illinois. The property is zoned COMMR and situated on a 0.6737-acre lot. The building is described as a beautiful and well-kept professional building, offering many business opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Presence Medical Group Medical Clinic Unlimited Performance Physician Dr. Ryan K. ... Dental Office Northwestern Medicine Outpatient ... Medical Clinic Dr. Muhammad Ali, ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampshire
    County
    Kane
    State
    Illinois
    Longitude
    -88.5295042
    Latitude
    42.0896984

    Nearby Similar for Sale

    • $725,000

      Hampshire Commercial Building For Sale

      11,500 SF commercial building in high-visibility location.
      41W584 US HIGHWAY 20, Hampshire, IL 60140
      View Details
    • $470,000

      Historic Building with Sewing Business

      Historic building with thriving quilt/sewing business for sale.
      290 S State Street, Hampshire, IL 60140
      View Details
    • $320,000

      Remodeled Commercial Building on Route 72

      Turnkey commercial building on Route 72 with redevelopment potential.
      124 E Oak Knoll Drive, Hampshire, IL 60140
      View Details
    • $229,900

      Commercial Property in Hampshire, IL

      Zoned B1, perfect for small business, all brick building.
      279 N State Street, Hampshire, IL 60140
      View Details
    • $100,000

      Commercial Property in Hampshire, IL

      Commercial property for sale in Hampshire, Illinois.
      107 W Oak Knoll Drive, Hampshire, IL 60140
      View Details
    • $325,000
      1,400 SF

      Remodeled Commercial Building on Route 72

      Turnkey 1,400 SF building on 0.48 acres with high visibility.
      124 East Oak Knoll Drive, Hampshire, IL 60140
      View Details
    • $419,000
      6,534 SF

      Mixed-Use Property in Hampshire

      Mixed-use property with office units and apartment in downtown Hampshire.
      278 North State Street, Hampshire, IL 60140
      View Details
    • $240,000

      Commercial Property with B1 Zoning

      All brick building perfect for a small business.
      279 N State Street, Hampshire, IL 60140
      View Details
    • Contact for pricing
      23,958 SF

      Hampshire Warehouse/Industrial Opportunity

      23,958 SF warehouse/industrial property in Hampshire, Illinois.
      255 Keyes Avenue, Hampshire, IL 60140
      View Details
    • Contact for pricing
      69,300 SF

      Industrial Property in Hampshire, Illinois

      Industrial property available for sale in Hampshire, Illinois.
      201-255 Keyes Ave, Hampshire, IL 60140
      View Details
    • Contact for pricing
      76,000 SF

      Hampshire Warehouse/Industrial Opportunity

      76,000 sqft warehouse/industrial property in Hampshire, Illinois.
      281 Keyes Avenue, Hampshire, IL 60140
      View Details
    • Contact for pricing
      32,378 SF

      Hampshire Warehouse Property For Sale

      32,378 sqft warehouse property in Hampshire, Illinois.
      16N196 Walker Rd., Hampshire, IL 60140
      View Details

    FAQs

    What type of property is this?
    Office building - Well-kept commercial building with business opportunities in Hampshire, Illinois.
    Where is this office building located?
    The property is located at 895 S State Street S Hampshire, IL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Well‑kept professional building.; Brick and concrete construction.; Central air conditioning.
    (847) 683-9200
    We can help!
    Listing Contact
    Bruce Burklow
    Real Estate License ID: 471018907
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    895 S State Street S, Hampshire, IL 60140
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!