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    2250 Point Blvd Elgin, IL 60123

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    For Lease
    Contact for pricing

    Class A office building with flexible spaces for lease.

    Type:Office
    Property size:
    45,000 SF
    Added:
    Jan 11, 2022
    Days on Market:
    1560
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 2250 Point Blvd

    General Information

    Standard status
    Active
    Size
    45,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1999

    Spaces For Lease

    at 2250 Point Blvd Contact us

    Suite 210 $17 /Mo

    Size
    1,634 SF
    Type
    Office
    Office with 8 rooms and reception area. Space is contiguous up to 20,634 SF. Tenant's...
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    Contact us

    Suite 140 $17 /Mo

    Size
    1,338 SF
    Type
    Office
    Space with 5 private offices and open area. Great space for uses looking for mostly...
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    Contact us

    Suite 150 $17 /Mo

    Size
    2,279 SF
    Type
    Office
    First floor space adjacent to entry door. Suite features 3 offices, conference room,...
    show more
    Contact us

    Suite 317 $17 /Mo

    Size
    1,300 SF
    Type
    Office
    Office Suite featuring two rooms and open space for workstations. Tenant also has...
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    Contact us

    Suite 322 $17 /Mo

    Size
    4,658 SF
    Type
    Office
    Suite features 3 offices, 2 conference rooms, open area for workstations and kitchen....
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    Contact us

    Suite 130 $17 /Mo

    Size
    1,387 SF
    Type
    Office
    First Floor Space with 2 Private offices, Conference Room, Open Area for Workstations...
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    Contact us

    Suite 321 $17 /Mo

    Size
    1,625 SF
    Type
    Office
    Incredible window lined corner suite featuring 4 private offices, conference room,...
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    Contact us

    Suite 240 $17 /Mo

    Size
    890 SF
    Type
    Office
    Open Space ready for build out. Tenant's also have access to the building conference...
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    Contact us

    Suite 420 $17 /Mo

    Size
    3,324 SF
    Type
    Office
    Open Layout Ready for Buildout off elevator lobby. Tenant also has access to the...
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    Suite 230 $17 /Mo

    Size
    3,570 SF
    Type
    Office
    Efficient office layout with perimeter private offices and abundant window line....
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    Contact us

    Suite 248 $17 /Mo

    Size
    3,030 SF
    Type
    Office
    Office Suite with 3 Larger Offices/Conference Rooms. Tenant's also have access to...
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    Contact us

    Suite 115 $17 /Mo

    Size
    2,042 SF
    Type
    Office
    First Floor Space 3 Offices, Open Space for Workstations and kitchen. nnGenerous...
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    Contact us

    Suite 460 $17 /Mo

    Size
    2,265 SF
    Type
    Office
    Open Layout Ready for Buildout off elevator lobby. Tenant also has access to the...
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    Contact us

    Suite 410 $17 /Mo

    Size
    6,821 SF
    Type
    Office
    Great corner suite with good existing conditions. Space features 7 private offices,...
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    Contact us

    Suite 220 $17 /Mo

    Size
    1,749 SF
    Type
    Office
    Open Layout ready for build out. Space is contiguous up to 20,634 SF. Tenant's...
    show more
    Contact us

    Suite 245 $17 /Mo

    Size
    1,649 SF
    Type
    Office
    Open Space ready for build out. Tenant's also have access to the building conference...
    show more
    Contact us

    Suite 200 $17 /Mo

    Size
    2,017 SF
    Type
    Office
    Space features 4 rooms, open area for workstations and kitchen. Can be combined...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Ryan Moen

    Listing agent Ryan Moen License #IL 471011256

    Listing office Versa Real Estate Services

    Listing date Jan 11, 2022

    Source Crexi

    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 Versa Real Estate Services

    Overview

    Class A Office Building

    Located at the intersection of Interstate 90 and Randall Road, 2250 Point Boulevard is a 4-story, Class A office building. The property offers a conference facility and the opportunity to lease up to 45,000 square feet. Office spaces available range from under 1,000 square feet to a full 45,000 square foot floor. Building signage is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Summer L Cain ... Insurance Agency Tri-County Claims Service, ... Small Claims Assistance Service Prevost Parts Travel Agency First American Title ... Title Company Big Timber Wealth ... Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Building Supply Hair Salon Auto Repair Shop Pharmacy Hotel & Motel Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.331907
    Latitude
    42.0825551

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      Elgin Retail/Office Space Available

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      Elgin Office Suite For Rent

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      IL, Elgin - Point Blvd

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      Remodeled Office Space in Elgin

      Recently renovated office space available for lease in Elgin, Illinois.
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      View Details
    • Contact for pricing

      Elgin Office Units For Rent

      Office units available, various sizes, good visibility, ample parking.
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    • $14/mo

      Class A Office Space Available

      Class A office space with tollway access and high visibility.
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    FAQs

    What type of property is this?
    Office building - Class A office building with flexible spaces for lease.
    Where is this office building located?
    The property is located at 2250 Point Blvd Elgin, IL.
    What are key features of this property?
    This property features: Class A building at a highly visible location (I‑90 and Randall Road).; Opportunity to lease a large contiguous space (up to 45,000 SF).; Building signage available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Moen
    Real Estate License ID: IL 471011256
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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