Leased Flex-Retail Investment
1 South Liberty Street Elgin, IL 60120
For Sale
Contact for pricing
A fully leased flex/retail building with recent improvements and four tenants.
Property Size5,523 SF
Price / SF$126.56
Days on Market84
Property Features for 1 South Liberty Street
General Information
- Standard status
- Active
- Size
- 5,523 SF
- Property subtype
- Retail, Office, Industrial
Listing Agency:
Entre Commercial Realty LLC
Listed By:
Sam Deihs · License #IL 475. 182116
Source:
Crexi
Added: May 1
Changed: Jul 23
Last Checked: Jul 23 at 12:45PM
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
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 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 | $99.4k | $18.00 |
| − Vacancy | −$9.9k | −$1.80 |
| EGI | $89.5k | $16.20 |
| − OpEx | −$31.3k | −$5.67 |
| NOI | $58.2k | $10.53 |
5,523 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Northwest Insurance Network
Insurance Agency
Coco Salon Beauty ...
Hair Salon
Simple Interlock
Building Supply
FAQs
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
