Building Details

Year Built 1985

Listing Agency: Premier Commercial Realty S***@premiercommercialrealty.com Show Phone

Listed By: Sharon Glasshof · License #471012471 Show Phone

Source: Premiercommercialrealty

Added: Jun 2 Changed: Jul 10 Last Checked: Aug 23 at 3:01AM

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Investment Insights

Based on property information with market context.

This listing offers an industrial flex space configuration available for lease under the “industrial flex” property type. As a flex space, the opportunity is designed to accommodate users that value practical space for operations, with the versatility commonly associated with industrial flex buildings. This is an appropriate option for tenants seeking a straightforward industrial-flex offering without over-specialized buildout assumptions.

The property is located at 1405-A Timber Drive in Elgin, Illinois 60123. The site’s address provides a defined leasing target for businesses evaluating industrial-flex options in the Elgin area.

Because the property is presented specifically as industrial flex, it can be a fit for a range of light industrial and distribution-oriented tenants looking for flexible day-to-day space. Operators may find it useful when they want an industrial setting that can support both hands-on work and the storage needs that typically come with industrial activity. Interested parties are encouraged to confirm unit-specific details and operational fit directly with the leasing team prior to moving forward.

Key Highlights

• Industrial flex space available for lease
• Year built: 1985

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Auto Repair Shop Auto Parts Store Law Firm Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

492

Businesses Nearby

Under-served

Demand for This Use

Explore this area 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

Market

Lease Benchmarks for Elgin, IL

$9.94 /SF/Yr

Avg Asking Price

$8–$13.75 /SF/Yr

Price Range

71,572 SF

Avg Space Size

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial flex space available for lease, suited for businesses needing both functional workspace and warehouse-style storage.

Where is this flex space located?

The property is located at 1405-A Timber Drive Elgin, IL.

What are key features of this property?

This property features: Industrial flex space available for lease; Year built: 1985