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    Versatile Commercial Building in Elgin Title is generated by Realmo AI

    1175 Jansen Farm Court, Elgin, IL 60123

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    For Sale
    $2,000,000

    COMMERCIAL - Elgin, IL

    Property size:
    12,400 SF
    Lot size:
    1.12 Acres
    Price / SF:
    $161/SF
    Added:
    Apr 9, 2026
    Days on Market:
    35
    Last Refresh:
    May 13 at 6:06 pm

    Property Features for 1175 Jansen Farm Court

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0604402002
    Size
    12,400 SF
    Lot size
    1.12 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    37834

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1987
    Floors in Building
    1

    We can help!

    Listing Contact
    Randall Nosalik

    Listing agent Randall Nosalik License #475150328

    Listing office Keller Williams Success Realty 600 Hart Rd. Suite 105, Barrington, IL

    Listing date Apr 9, 2026

    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.

    HighLights

    • Versatile 12,400 SF commercial building on 1.12 acres suitable for industrial, flex, or specialty uses.
    • Divisible into three separate units for owner‑users or investors.
    • Recent capital improvements: New roof (2021) and five HVAC units (2023, 2024) with UV sanitation lighting.
    • Functional layout with three drive‑in doors, one exterior dock with leveler, and 14' ceiling heights.
    • Includes 2,700 SF of well‑appointed office space with reception area, private offices, and lunchroom/cafeteria.
    • Ample on‑site parking for 50+ vehicles and 800 amp electrical service.

    Overview

    This 12,400 square foot commercial building is situated on a 1.12-acre lot and is designed to accommodate a variety of industrial, flex, or specialty uses. The property can be divided into three separate units: an 8,400 square foot unit, and two 2,000 square foot units, offering flexibility for owner-users or investors. The building features 14-foot ceiling heights and 800 amp electrical service. It has a functional layout with three drive-in doors and one exterior dock with leveler, facilitating efficient loading and operations. There is ample on-site parking to accommodate over 50 vehicles. The interior includes approximately 2,700 square feet of office space, featuring a reception area, private offices, and a lunchroom/cafeteria. Each unit has its own restroom facilities. Two units have specialized electrostatic flooring, while the third includes epoxy-coated floors, suitable for technical or light industrial uses. Capital improvements include a new roof installed in 2021, five HVAC units installed in 2023, a new air conditioner, air handler, and unit heater installed in 2024, along with upgraded ductwork and UV sanitation lighting to enhance air quality and operational efficiency. This move-in ready property offers flexibility, functionality, and modern upgrades.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Induction Innovations Inc Big Box & Wholesale Store Circuits By Us, ... Industrial Manufacturer

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.3290819
    Latitude
    42.0606418

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    FAQs

    What type of property is this?
    Flex space - 12,400 SF commercial building suitable for industrial, flex, or specialty uses.
    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: Versatile 12,400 SF commercial building on 1.12 acres suitable for industrial, flex, or specialty uses.; Divisible into three separate units for owner‑users or investors.; Recent capital improvements: New roof (2021) and five HVAC units (2023, 2024) with UV sanitation lighting.
    (847) 381-9500
    We can help!
    Listing Contact
    Randall Nosalik
    Real Estate License ID: 475150328
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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