Leased Flex-Retail Investment
For Sale
Contact for pricing
1 South Liberty Street, Elgin, IL 60120
A fully leased flex/retail building with recent improvements and four tenants.
Property Size5,523 SF
Price / SF$126.56
Days on Market175
Property Features for 1 South Liberty Street
General Information
Standard status
Active
Size
5,523 SF
Total Parking Spaces
14
Property subtype
Retail, Office, Industrial
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Entre Commercial Realty LLC
Listed By:
Sam Deihs · License #IL 475. 182116
Source:
Crexi
Added: May 1
Changed: Oct 1
Last Checked: Oct 20 at 8:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Entre Commercial Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained flex/retail building totals 5,523 square feet and is fully leased to a diversified group of four tenants. Recent improvements have been completed throughout the property, supporting continued day-to-day occupancy.
The building offers prime frontage on the corner of Liberty/Chicago St in Elgin, Illinois, positioning it for convenient access and strong street presence.
The current tenant configuration provides an income-producing setup for buyers seeking a stabilized flex/retail asset.
The building offers prime frontage on the corner of Liberty/Chicago St in Elgin, Illinois, positioning it for convenient access and strong street presence.
The current tenant configuration provides an income-producing setup for buyers seeking a stabilized flex/retail asset.
Key Highlights
- 5,523 sq ft flex/retail building fully leased to 4 tenants
- Fully leased with income from a diversified tenant base of four
- Recent improvements completed throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,157
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,140
$1.2M
Cap Rate 7%
$830,814
$830.8K
Cap Rate 9%
$646,189
$646.2K
Market Conditions
NOI Build-Up for 5,523 SF
Gross rent
$99.4K $18.00/SF
− Vacancy
−$9.9K −$1.80/SF
EGI
$89.5K $16.20/SF
− OpEx
−$31.3K −$5.67/SF
NOI
$58.2K $10.53/SF
Area
Cook County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,140
Cap Rate 7%
$830,814
Cap Rate 9%
$646,189
Alternative Uses
Best Use
Retail
$1.10M
$958.3K – $1.28M
NOI $76,660 @ 7.0% cap · market cap 10.97%
Second Best
Flex RnD
$830.8K
$727.0K – $969.3K
NOI $58,157 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,479 @ 7.0% cap · market cap 19.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60120, IL
50,799
Population
17,112
Households
3
Avg Household Size
35
Median Age
19%
College-Educated
74%
High-School Grad
17.4 sq mi
ZIP Area
2,919
Density / Sq Mi
$80,305
Median Household Income
$37,495
Median Earnings
$1,250
Median Rent
$227,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A fully leased flex/retail building with recent improvements and four tenants.
Where is this flex space located?
The property is located at 1 South Liberty Street Elgin, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 5,523 sq ft flex/retail building fully leased to 4 tenants; Fully leased with income from a diversified tenant base of four; Recent improvements completed throughout the building
