Automotive Service
For Sale
$2,477,050
430 N McLean Boulevard, South Elgin, IL 60177
For sale automotive service property with strong regional access in the Fox Valley corridor near major arterial routes.
Property Size7,326 SF
Price / SF$338.12
Days on Market34
Property Features for 430 N McLean Boulevard
General Information
Standard status
Active
Size
7,326 SF
Property subtype
Auto Parts
Additional Details
Cap Rate
6%
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap | San Diego
(858) 373-3184
Listed By:
Alvin N. Mansour · License #License(s): CA: 01391653, TX: 0606255
(858) 373-3184
Source:
Marcusmillichap
Added: Jun 28
Changed: Jul 10
Last Checked: Jul 30 at 2:30AM
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 Marcus & Millichap | San Diego
Investment Insights
Based on property information with market context.
The offering is an automotive service building/auto shop property listed for sale at 430 N McLean Boulevard in South Elgin, IL. The property is listed at $2,477,050 and has a total size of 7,326. It is presented as a commercial real estate asset within the automotive services category.
South Elgin is located in Kane County, approximately 40 miles west of downtown Chicago, positioned within the Fox Valley corridor. The village is served by major regional connectivity, including Illinois Route 31, U.S. Route 20, Randall Road, and convenient access to Interstate 90, providing direct connections to the greater Chicago metropolitan area and O’Hare International Airport. The broader area participates in the Elgin–St. Charles–Geneva trade area, supported by established suburban retail along the Randall Road corridor.
For buyers seeking an automotive-focused commercial asset in a growth-oriented suburban community, this property provides a straightforward fit within an established retail and service environment. With the area’s mix of healthcare, manufacturing, logistics, professional services, and education sectors, the property is positioned to serve ongoing local demand for service-oriented businesses within the Chicago western growth corridor.
South Elgin is located in Kane County, approximately 40 miles west of downtown Chicago, positioned within the Fox Valley corridor. The village is served by major regional connectivity, including Illinois Route 31, U.S. Route 20, Randall Road, and convenient access to Interstate 90, providing direct connections to the greater Chicago metropolitan area and O’Hare International Airport. The broader area participates in the Elgin–St. Charles–Geneva trade area, supported by established suburban retail along the Randall Road corridor.
For buyers seeking an automotive-focused commercial asset in a growth-oriented suburban community, this property provides a straightforward fit within an established retail and service environment. With the area’s mix of healthcare, manufacturing, logistics, professional services, and education sectors, the property is positioned to serve ongoing local demand for service-oriented businesses within the Chicago western growth corridor.
Key Highlights
- Automotive service property located in Kane County in the Fox Valley corridor.
- South Elgin is approx. 40 miles west of downtown Chicago.
- Regional access via Illinois Route 31, U.S. Route 20, Randall Road, and convenient access to Interstate 90.
Financial Insights For Retail
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 | $131.9k | $18.00 |
| − Vacancy | −$5.5k | −$0.76 |
| EGI | $126.3k | $17.24 |
| − OpEx | −$37.9k | −$5.17 |
| NOI | $88.4k | $12.07 |
7,326 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.26M
$1.11M – $1.47M
NOI $88,431 @ 7.0% cap · market cap 3.57%
Second Best
Industrial
$450.5K
$394.2K – $525.6K
NOI $31,536 @ 7.0% cap · market cap 1.27%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,053 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60177, IL
24,361
Population
8,700
Households
2.8
Avg Household Size
37
Median Age
38%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
2,737
Density / Sq Mi
$123,700
Median Household Income
$59,266
Median Earnings
$1,612
Median Rent
$296,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Express Auto Repair — 507 Sundown Rd, South Elgin, IL 60177
- Lube Express — Valvoline Instant Oil Change, 71 S McLean Blvd, South Elgin, IL 60177
- Valvoline Instant Oil Change — Valvoline Instant Oil Change, 71 S McLean Blvd, South Elgin, IL 60177
- A&A Towing 24/7 Service — 675 Fieldcrest Dr, South Elgin, IL 60177
- Griese's American Iron Muscle — 570 Stevenson Rd # 3, South Elgin, IL 60177
Frequently Asked Questions
What type of property is this?
Auto shop - For sale automotive service property with strong regional access in the Fox Valley corridor near major arterial routes.
Where is this auto shop located?
The property is located at 430 N McLean Boulevard South Elgin, IL.
What is the asking price?
The asking price for this property is $2,477,050.
What are key features of this property?
This property features: Automotive service property located in Kane County in the Fox Valley corridor.; South Elgin is approx. 40 miles west of downtown Chicago.; Regional access via Illinois Route 31, U.S. Route 20, Randall Road, and convenient access to Interstate 90.
