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    Elgin Retail Space For Sale

    1010 E Chicago St Elgin, IL 60120

    1010 E Chicago St, Elgin, IL, 60120
    Contact for pricing
    For Sale
    Contact for pricing

    24,973 SF retail space available in Elgin, Illinois.

    Property Size24,973 SF
    Price / SF$276.30
    Days on Market834

    Property Features for 1010 E Chicago St

    General Information

    Standard status
    Active
    Size
    24,973 SF
    Property subtype
    Retail
    Listing agency CBRE - Oak Brook
    Listed by Mario Melone · License #475150504
    Source Crexi
    Added: Apr 11, 2024 Updated: Jul 10 at 11:22AM Checked: Jul 22 at 11:30AM

    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 CBRE - Oak Brook

    Investment Insights

    Based on property information with market context.

    This commercial property in Elgin, Illinois, offers 24,973 square feet of retail space and is currently for sale.

    Key Highlights

    • No property information was provided to analyze.

    Local Financial Insights For Retail

    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 $539.4k $21.60
    − Vacancy −$44.2k −$1.77
    EGI $495.2k $19.83
    − OpEx −$148.6k −$5.95
    NOI $346.6k $13.88
    24,973 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.95M
    $4.33M – $5.78M (±1% cap)
    NOI $346,629 @ 7.0% cap · market cap 5.02%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $8.62M
    $7.54M – $10.06M (±1% cap)
    NOI $603,543 @ 7.0% cap · market cap 8.75%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Skin Care Clinic Electrical Service

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

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    FAQs

    What type of property is this?
    Retail space - 24,973 SF retail space available in Elgin, Illinois.
    Where is this retail space located?
    The property is located at 1010 E Chicago St Elgin, IL.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: No property information was provided to analyze.
    Contact an agent
    (630) 573-7112 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mario Melone
    Mario Melone
    Real Estate License ID: 475150504
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