Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    300 Willard Ave Elgin, IL 60120

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Turnkey trucking facility with owner financing in prime location.

    Property size:
    1,600 SF
    Lot size:
    2.37 Acres

    Property Features for 300 Willard Ave

    General Information

    Standard status
    Active
    Zoning
    M
    Size
    1,600 SF
    Lot size
    2.37 Acres

    Building Details

    Year built
    2015

    We can help!

    Listing Contact
    Duke Dennis
    Source: Crexi

    Listing Agency: GC Realty and Development Listing Agent: Duke Dennis

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

    Learn more

    Overview

    Premium Trucking Terminal in Elgin

    Located at 300 Willard Ave in Elgin, IL, this trucking terminal is situated on a 2.37-acre site. The property includes a 1,600 SF office building and is designed for fleet operations. It is located in a prime Chicago metro logistics core location with convenient access to major highways and O'Hare International Airport, making it suitable for regional trucking operations. The property features a comprehensive camera surveillance system and 24-hour gated access control for security. It also includes 41 electrical hookups and block heaters with a backup generator. Owner financing is available.
    Location Intelligence

    Current Use by Public Records

    STI Trans Inc. Trucking Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2606624
    Latitude
    42.0308275

    Nearby Similar for Sale

    • $898,000
      0.59 Acres

      Modernized Office/Medical Building on Route 58

      Fully renovated office building with high visibility and flexible layouts.
      1 American Way, Elgin, IL 60120
      View Details
    • $990,000
      14,000 SF

      Elgin Two-Story Mixed-Use Building

      Two-story mixed-use building in downtown Elgin with multiple storefronts.
      20-24 Douglas Ave, Elgin, IL 60120
      View Details
    • $349,900
      0.26 Acres

      Elgin Commercial Building For Sale

      Single-story office building on a prime corner lot in Elgin.
      530 N Mclean Blvd, Elgin, IL 60123
      View Details
    • $425,000
      0.50 Acres

      Prime Office Space in Elgin

      6,326 SF office space in a busy commercial area.
      85 Market St, Elgin, IL 60123
      View Details
    • $1,450,000
      9,500 SF

      Elgin Industrial Building with Heavy Power

      Manufacturing-ready industrial building with heavy power, cranes, and recent upgrades.
      303 Elgin Ave, Elgin, IL 60120
      View Details
    • New
      $594,000
      0.06 Acres

      Downtown Elgin 6-Unit Building

      Well-maintained 6-unit building in the heart of downtown Elgin.
      120-122 N Spring St, Elgin, IL 60120
      View Details
    • New
      $489,900

      Spacious Elgin Duplex Near Park

      Large side-by-side duplex with updated unit and rental potential.
      1583-1585 Sheffield Dr, Elgin, IL 60123
      View Details
    • $310,000

      Well-Maintained Elgin Investment Property

      Two-unit property with stable income and recent upgrades.
      462 Ashland Ave, Elgin, IL 60123
      View Details
    • $645,000
      0.26 Acres

      Elgin Four-Unit Income Property

      Spacious four-unit building with income potential in Elgin, Illinois.
      532 South St, Elgin, IL 60123
      View Details
    • $245,000
      3,025 SF

      Elgin Commercial Opportunity For Sale

      Former daycare facility near Eagle Heights subdivision and Metra station.
      1560 Weatherstone Ln, Elgin, IL 60123
      View Details
    • $1,500,000
      5,043 SF

      5,043 SF Retail Building

      Retail building on Randall Road with high traffic volume.
      101 South Randall Rd, Elgin, IL 60123
      View Details
    • $6,900,000
      24,973 SF

      Former Dealership on 11.16 Acres

      24,973 SF former auto dealership on 11.16 acres.
      1010 East Chicago St, Elgin, IL 60120
      View Details

    FAQs

    What type of property is this?
    Truck terminal - Turnkey trucking facility with owner financing in prime location.
    Where is this truck terminal located?
    The property is located at 300 Willard Ave Elgin, IL.
    What are key features of this property?
    This property features: - Turnkey trucking terminal ideal for owner/operators with owner financing offered.; - 2.37-acre site optimized for fleet operations.; - Strategically located in Elgin with easy access to major highways and O'Hare International Airport.
    Request Owner's contact information
    300 Willard Ave Elgin, IL 60120
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    300 Willard Ave
    Elgin, IL 60120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    300 Willard Ave Elgin, IL 60120
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Duke Dennis
    Real Estate License ID: 475207333
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!