Flex Building With
1175 Jansen Farm Court, Elgin, IL 60123
For Sale
$2,000,000
Commercial Sale, Elgin, IL
Property Size12,400 SF
Lot Size1.12 Acres
Price / SF$161.29
Days on Market216
Property Features for 1175 Jansen Farm Court
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Floors in Building
Listing Agency:
Keller Williams Success Realty · Keller Williams Realty
Listed By:
Randall Nosalik · License IL #475150328
(847) 381-9500
Added: Apr 9
Changed: Oct 10
Last Checked: Nov 10 at 11:06PM
MLS# 12614069
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1987 flex building in Elgin offers a configurable layout that can be divided into three units with limited modifications. The property includes approximately 2,700 SF of office space with reception, private offices, and a lunchroom or cafeteria, while each unit has separate restroom facilities. Two units have electrostatic flooring and the third has epoxy-coated floors. Operational features include 14-foot ceilings, 800-amp electrical service, three drive-in doors, and an exterior dock with leveler. On-site parking accommodates 50+ vehicles.
Capital improvements include a roof installed in 2021, five HVAC units added in 2023, and a new air conditioner, air handler, and unit heater completed in 2024. Upgraded ductwork and UV sanitation lighting are also in place. The property is located at 1175 Jansen Farm Court in Elgin, Illinois, within Kane County and ZIP Code 60123.
Capital improvements include a roof installed in 2021, five HVAC units added in 2023, and a new air conditioner, air handler, and unit heater completed in 2024. Upgraded ductwork and UV sanitation lighting are also in place. The property is located at 1175 Jansen Farm Court in Elgin, Illinois, within Kane County and ZIP Code 60123.
Key Highlights
- Configurable flex building that can be divided into three units
- Approximately 2,700 SF of office space with reception, private offices, and lunchroom/cafeteria
- 14' ceiling heights and 800 amp electrical service
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
Warehouse
$925.9K
$810.2K – $1.08M
NOI $64,816 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,685 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Properties on Market for Flex space in Kane County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable industrial building with office improvements, multiple loading points, dedicated restrooms, and on-site vehicle parking.
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: Configurable flex building that can be divided into three units; Approximately 2,700 SF of office space with reception, private offices, and lunchroom/cafeteria; 14' ceiling heights and 800 amp electrical service
