Flex Building with Loading
For Sale
$2,000,000
1175 Jansen Farm Court, Elgin, IL 60123
The building can be configured as three units and includes office space, dedicated restrooms, and varied floor finishes.
Property Size12,400 SF
Lot Size1.12 Acres
Price / SF$161.29
Days on Market199
Property Features for 1175 Jansen Farm Court
General Information
Standard status
Active
Size
12,400 SF
Lot size
1.12 Acres
Property subtype
Commercial
Warehouse & Industrial
Clear Height
14 ft
Office Build-Out
2,700 SF
Dock-High Doors
1
Drive-In Doors
3
Power
800 amps
Taxes and HOA fees
Annual Taxes
$37,834
Building Details
Building Size
12,400 SF
Year Built
1987
Buildings
1
Stories
1
Listing Agency:
Keller Williams Success Realty
Listed By:
Randall Nosalik · License #475150328
(847) 381-9500
Source:
Fishmangroup
Added: Apr 9
Changed: Oct 23
Last Checked: Oct 23 at 4:20PM
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
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Investment Insights
Based on property information with market context.
This 12,400-square-foot flex building on 1.12 acres dates to 1987 and can be arranged as three units of approximately 8,400, 2,000, and 2,000 square feet. It has 14-foot ceilings, 800-amp electrical service, three drive-in doors, and an exterior dock with a leveler. More than 2,700 square feet is devoted to offices, including reception, private offices, and a lunchroom. Each unit has restroom facilities; two have electrostatic flooring, while the third has epoxy-coated floors.
On-site parking accommodates 50 or more vehicles. Improvements include a roof installed in 2021, five HVAC units added in 2023, and an air conditioner, air handler, and unit heater installed in 2024, along with upgraded ductwork and UV sanitation lighting. The property is located at 1175 Jansen Farm Court in Elgin, Illinois.
On-site parking accommodates 50 or more vehicles. Improvements include a roof installed in 2021, five HVAC units added in 2023, and an air conditioner, air handler, and unit heater installed in 2024, along with upgraded ductwork and UV sanitation lighting. The property is located at 1175 Jansen Farm Court in Elgin, Illinois.
Key Highlights
- 12,400 SF building on 1.12 acres
- Three‑unit configuration: approximately 8,400 SF, 2,000 SF, and 2,000 SF
- 14' ceilings, 800 amp electrical service, three drive‑in doors, and one exterior dock with leveler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,949
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,638,980
$1.6M
Cap Rate 7%
$1,170,700
$1.2M
Cap Rate 9%
$910,544
$910.5K
Market Conditions
NOI Build-Up for 12,400 SF
Gross rent
$132.4K $10.68/SF
− Vacancy
−$6.4K −$0.51/SF
EGI
$126.1K $10.17/SF
− OpEx
−$44.1K −$3.56/SF
NOI
$81.9K $6.61/SF
Area
Kane County, IL
Vacancy
4.80%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,638,980
Cap Rate 7%
$1,170,700
Cap Rate 9%
$910,544
Alternative Uses
Best Use
Flex RnD
$1.17M
$1.02M – $1.37M
NOI $81,949 @ 7.0% cap · market cap 4.10%
Second Best
Industrial
$762.5K
$667.2K – $889.6K
NOI $53,378 @ 7.0% cap · market cap 2.67%
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 authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 60123, IL
47,932
Population
18,129
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
14.0 sq mi
ZIP Area
3,424
Density / Sq Mi
$86,762
Median Household Income
$40,288
Median Earnings
$1,226
Median Rent
$242,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The building can be configured as three units and includes office space, dedicated restrooms, and varied floor finishes.
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 building on 1.12 acres; Three‑unit configuration: approximately 8,400 SF, 2,000 SF, and 2,000 SF; 14' ceilings, 800 amp electrical service, three drive‑in doors, and one exterior dock with leveler
