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    301 Ramona Ave Elgin, IL 60120

    For Sale
    $2,600,000

    Two industrial buildings on a rare 5.42-acre fenced site.

    Property size:
    24,490 SF
    Lot size:
    5.70 Acres

    Property Features for 301 Ramona Ave

    General Information

    Size
    24,490 SF
    Lot size
    5.70 Acres

    Source: Brown Commercial Group Agent Dan Brown SIOR

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

    Overview

    Industrial Buildings on Fenced Site

    This property features a 5.42-acre fenced site improved with two industrial buildings. The property is located at 301 Ramona Ave, Elgin, IL. The total property size is 24490 square feet.
    Location Intelligence

    Current Use by Public Records

    A C Rentals Self-Storage Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2546855
    Latitude
    42.0294548

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    FAQs

    What type of property is this?
    Industrial property - Two industrial buildings on a rare 5.42-acre fenced site.
    Where is this industrial property located?
    The property is located at 301 Ramona Ave Elgin, IL.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Rare 5.42 acre fenced site; - Includes 2 industrial buildings; - Industrial zoning informs on allowed usage
    (630) 205-8981
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    301 Ramona Ave Elgin, IL 60120
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    Elgin, IL 60120
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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
    301 Ramona Ave Elgin, IL 60120
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