Flex Warehouse with Drive-In
1175 Jansen Farm Court Elgin, IL 60123
1175 Jansen Farm Court, Elgin, IL, 60123
$2,000,000
For Sale
$2,000,000
Versatile flex/warehouse building can be split into three units with drive-in loading and office space.
Property Size12,400 SF
Lot Size1.12 Acres
Price / SF$161.29
Days on Market105
Property Features for 1175 Jansen Farm Court
General Information
- Standard status
- Active
- Size
- 12,400 SF
- Lot size
- 1.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing agency
Keller Williams Success Realty
(847) 381-9500
Listed by
Randall Nosalik · License #475150328
(847) 381-9500
Source
Birdrealtysells
Added: Apr 9 Updated: Jul 22 at 1:17AM Checked: Jul 22 at 6:10AM
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 Keller Williams Success Realty
Investment Insights
Based on property information with market context.
This versatile commercial building totals approximately 12,400 SF on 1.12 acres and is designed to support a range of industrial, flex, or specialty uses. The space may be demised into three separate units totaling approximately 8,400 SF, 2,000 SF, and 2,000 SF with minimal modifications. Warehouse clear heights are approximately 14 feet. Loading includes three drive-in doors and one exterior dock with leveler. Electrical service is listed at 800 amps.
The building also includes approximately 2,700 SF of office space with a reception area, private offices, and a dedicated lunchroom/cafeteria. Each unit has its own restroom facilities. Floor finishes include electrostatic flooring in two units and epoxy-coated flooring in the third.
Additional capital improvements include a new roof completed in 2021 and five HVAC units installed in 2023, with air conditioning, an air handler, and a unit heater added/updated in 2024. Upgrades also include improved ductwork and UV sanitation lighting. Parking is available on-site for 50+ vehicles, and the property is presented as move-in ready at 1175 Jansen Farm Court in Elgin, IL 60123.
The building also includes approximately 2,700 SF of office space with a reception area, private offices, and a dedicated lunchroom/cafeteria. Each unit has its own restroom facilities. Floor finishes include electrostatic flooring in two units and epoxy-coated flooring in the third.
Additional capital improvements include a new roof completed in 2021 and five HVAC units installed in 2023, with air conditioning, an air handler, and a unit heater added/updated in 2024. Upgrades also include improved ductwork and UV sanitation lighting. Parking is available on-site for 50+ vehicles, and the property is presented as move-in ready at 1175 Jansen Farm Court in Elgin, IL 60123.
Key Highlights
- 12,400 SF commercial flex/warehouse building on 1.12 acres, built in 1987
- Can be demised into three units: 8,400 +/- SF, 2,000 +/- SF, and 2,000 +/- SF
- Loading includes three drive‑in doors plus one exterior dock with leveler
Local Financial Insights For Office B
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 | $303.6k | $24.48 |
| − Vacancy | −$75.6k | −$6.10 |
| EGI | $228.0k | $18.38 |
| − OpEx | −$57.0k | −$4.60 |
| NOI | $171.0k | $13.79 |
12,400 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.44M
$2.14M – $2.85M
NOI $170,976 @ 7.0% cap · market cap 8.55%
Second Best
Flex RnD
$1.87M
$1.63M – $2.18M
NOI $130,572 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$4.28M
$3.75M – $4.99M
NOI $299,681 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Induction Innovations Inc
Big Box & Wholesale Store
Circuits By Us, ...
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile flex/warehouse building can be split into three units with drive-in loading and office space.
Where is this flex space located?
The property is located at 1175 Jansen Farm Court Elgin, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 12,400 SF commercial flex/warehouse building on 1.12 acres, built in 1987; Can be demised into three units: 8,400 +/- SF, 2,000 +/- SF, and 2,000 +/- SF; Loading includes three drive‑in doors plus one exterior dock with leveler
