Office Unit with Private
For Sale
Contact for pricing
319 S Main Street #B, Elburn, IL 60119
B-2 zoning supports office, retail, cafe, medical, clothing, and gift uses.
Property Size600 SF
Price / SF$0.04
Days on Market28
Property Features for 319 S Main Street #B
General Information
Standard status
Active
Size
600 SF
Property subtype
Office
Zoning
B-2
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Property Use
Office
Building Details
Year Built
1977
Listing Agency:
Coldwell Banker Real Estate Group
(630) 232-6900
Listed By:
Charles Kirkwood · License #475142955
(630) 715-5714
Source:
Helenoliveri
Added: Oct 5
Changed: Nov 1
Last Checked: Oct 31 at 9:19PM
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 Real Estate Group
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Investment Insights
Based on property information with market context.
This 600-square-foot office unit has two private offices, an open work and reception area, a break room, and a dedicated restroom. Improvements include luxury vinyl plank flooring, recessed lighting, updated paint and windows, brick pavers at the entrance, and a full-view front door. The unit has its own HVAC system and separate gas and electric meters.
On Main Street (Route 47) in Elburn, the property records 9,600 vehicles per day. B-2 zoning permits a range of uses, including office, retail, cafe, medical, clothing, and gift. On-site parking is available.
On Main Street (Route 47) in Elburn, the property records 9,600 vehicles per day. B-2 zoning permits a range of uses, including office, retail, cafe, medical, clothing, and gift. On-site parking is available.
Key Highlights
- 600 SF office unit with two private offices and an open work/reception area
- B‑2 zoning; listed uses include office, retail, cafe, medical, clothing, and gift
- Main Street (Route 47) location with a traffic count of 9600 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,273
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,460
$165.5K
Cap Rate 7%
$118,186
$118.2K
Cap Rate 9%
$91,922
$91.9K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$14.7K $24.48/SF
− Vacancy
−$3.7K −$6.10/SF
EGI
$11.0K $18.38/SF
− OpEx
−$2.8K −$4.60/SF
NOI
$8.3K $13.79/SF
Area
Kane County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,460
Cap Rate 7%
$118,186
Cap Rate 9%
$91,922
Alternative Uses
Best Use
Office B
$118.2K
$103.4K – $137.9K
NOI $8,273 @ 7.0% cap · market cap 33,092.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$207.2K
$181.3K – $241.7K
NOI $14,501 @ 7.0% cap · market cap 58,004.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 60119, IL
10,905
Population
4,595
Households
2.4
Avg Household Size
41
Median Age
51%
College-Educated
98%
High-School Grad
49.6 sq mi
ZIP Area
220
Density / Sq Mi
$124,058
Median Household Income
$62,747
Median Earnings
$1,620
Median Rent
$366,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - B-2 zoning supports office, retail, cafe, medical, clothing, and gift uses.
Where is this office unit located?
The property is located at 319 S Main Street #B Elburn, IL.
What are key features of this property?
This property features: 600 SF office unit with two private offices and an open work/reception area; B‑2 zoning; listed uses include office, retail, cafe, medical, clothing, and gift; Main Street (Route 47) location with a traffic count of 9600 vehicles per day
