Elgin Retail Space For
For Sale
Contact for pricing
1010 E Chicago St, Elgin, IL 60120
24,973 SF retail space available in Elgin, Illinois.
Property Size24,973 SF
Price / SF$276.30
Days on Market925
Property Features for 1010 E Chicago St
General Information
Standard status
Active
Size
24,973 SF
Property subtype
Retail
Zoning
Commercial
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Listing Agency:
CBRE - Oak Brook
Listed By:
Mario Melone · License #475150504
(630) 573-7112
Source:
Crexi
Added: Apr 11, 2024
Changed: Oct 16
Last Checked: Oct 20 at 5:52PM
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
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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 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$346,629
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,932,580
$6.9M
Cap Rate 7%
$4,951,843
$5.0M
Cap Rate 9%
$3,851,433
$3.9M
Market Conditions
NOI Build-Up for 24,973 SF
Gross rent
$539.4K $21.60/SF
− Vacancy
−$44.2K −$1.77/SF
EGI
$495.2K $19.83/SF
− OpEx
−$148.6K −$5.95/SF
NOI
$346.6K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,932,580
Cap Rate 7%
$4,951,843
Cap Rate 9%
$3,851,433
Alternative Uses
Best Use
Retail
$4.95M
$4.33M – $5.78M
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
NOI $603,543 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Hopkins Ford of Elgin, Inc.
Shops & Services
2,720 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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.
