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    574 Mclean Blvd Elgin, IL 60123

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    For Sale
    $752,000

    Two-story office building with multiple suites and ample parking.

    Property size:
    7,918 SF

    Property Features for 574 Mclean Blvd

    General Information

    Size
    7,918 SF

    Building Details

    Year built
    1980

    Source: Steve Chrastka Agent Steve Chrastka

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Tenant Office Building For Sale

    This is a two-story, multi-tenant office building available for sale. The first floor can be divided to accommodate two tenants. The second floor is divided into four individual spaces with existing conditions. Tenants are separately metered for electricity. The building includes a basement for storage. Ample parking is available. The property offers visibility and access to McLean Boulevard. It is suitable for law firms, real estate agencies, private practices, and accounting firms. The property has a size of 7918 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hurlbut & Hurlbut PC Immigration Attorney Chase Thomas D Attorney Land Divisions Surveyor Tech Muscle Inc Internet Service Provider

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.3122134
    Latitude
    42.0479884

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    FAQs

    What type of property is this?
    Office building - Two-story office building with multiple suites and ample parking.
    Where is this office building located?
    The property is located at 574 Mclean Blvd Elgin, IL.
    What is the asking price?
    The asking price for this property is $752,000.
    What are key features of this property?
    This property features: - Ample parking with great visibility and access to McLean Boulevard; - Multi-tenant office building with potential for multiple income streams; - First floor can be demised to accommodate two tenants
    (630) 432-0308
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    574 Mclean Blvd Elgin, IL 60123
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    Elgin, IL 60123
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    Realmo Value Estimation

    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.

    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.

    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
    574 Mclean Blvd Elgin, IL 60123
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