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    Elburn Office with Storage Title is generated by Realmo AI

    313 N Main Street, Elburn, IL 60119

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    Claim this Listing
    For Sale
    $440,000

    Spacious office in Elburn with kitchen and multiple bathrooms.

    Type:Commercial/Industrial
    Property size:
    2,268 SF
    Lot size:
    0.52 Acres
    Price / SF:
    $194/SF
    Added:
    Mar 1, 2024
    Days on Market:
    857
    Last Refresh:
    May 20 at 12:09 am

    Property Features for 313 N Main Street

    General Information

    Standard status
    Active
    Size
    2,268 SF
    Lot size
    0.52 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1958

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    Kari Kohler
    Kari Kohler

    Listing office Coldwell Banker Realty

    Listing date Mar 1, 2024

    Source Exitrealty

    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 Coldwell Banker Realty

    HighLights

    • Convenient Elburn location with easy access to major highways and public transportation.
    • Abundant office space.
    • Fully equipped kitchen with full appliances and ample countertop space.
    • Ample storage options.
    • Includes a full bathroom.
    • Includes two half bathrooms.

    Overview

    Located in Elburn, this office space offers convenient access to major highways and public transportation. The property features a fully equipped kitchen with appliances and countertop space. There are two half bathrooms and one full bathroom. The property provides office space and storage options. The property size is 2268 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $55.5k $24.48
    − Vacancy −$13.8k −$6.10
    EGI $41.7k $18.38
    − OpEx −$10.4k −$4.60
    NOI $31.3k $13.79
    2,268 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $446.7K
    $390.9K – $521.2K (±1% cap)
    NOI $31,272 @ 7.0% cap · market cap 7.11%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $783.0K
    $685.2K – $913.6K (±1% cap)
    NOI $54,813 @ 7.0% cap · market cap 12.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dominick Davero - COUNTRY ... Financial Advisor Sherri Schramer - COUNTRY ... Financial Advisor Calin Marchis - COUNTRY ... Financial Advisor Sara Schramer Counselor Mind Matters Crisis Center

    Suggested Use

    Real Estate Agency Nail Salon Discount Store Electronics & Wireless Store Computer & Electronic Repair Grocery & Convenience Store Accounting Firm (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Elburn
    County
    Kane
    State
    Illinois
    Longitude
    -88.4721027
    Latitude
    41.8949316

    FAQs

    What type of property is this?
    Office units - Spacious office in Elburn with kitchen and multiple bathrooms.
    Where is this office units located?
    The property is located at 313 N Main Street Elburn, IL.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Convenient Elburn location with easy access to major highways and public transportation.; Abundant office space.; **Fully equipped kitchen with full appliances and ample countertop space.**
    More about this property
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