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

    430 North McLean Boulevard South Elgin, IL 60177

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $196,020

    Approximately 0.50 acres of commercial land for sale.

    Type:Land
    Property size:
    5 SF
    Lot size:
    0.50 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 18 at 8:25 am

    Property Features for 430 North McLean Boulevard

    General Information

    Standard status
    Active
    Size
    5 SF
    Lot size
    0.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Tony Gange
    Tony Gange

    Listing agent Tony Gange

    Listing office CBRE | Oak Brook

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Oak Brook

    Overview

    Commercial Land at Lighted Intersection

    This property consists of approximately 0.50 acres of commercial land. It is located at the lighted intersection of McLean Road and Hopps Boulevard in South Elgin, Illinois.
    Location Intelligence

    Current Use by Public Records

    O'Reilly Auto Parts Auto Parts Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    South Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.3165214
    Latitude
    41.9984346

    Nearby Similar for Sale

    • $670,000

      Mixed-Use Strip Center Investment

      Well-maintained mixed-use strip center with income and upside potential.
      375-395 E State Street, South Elgin, IL 60177
      View Details
    • $575,000
      2,763 SF

      Premium Office Condo For Sale

      Two-unit office condo in South Elgin's Thornwood Professional Center.
      460 Briargate Drive #500, South Elgin, IL 60177
      View Details
    • $549,000
      15,430 SF

      Furnished Office Condo For Sale

      Class A office condominium in South Elgin, Illinois.
      460 Briargate Drive Unit 500, South Elgin, IL 60177
      View Details
    • $146,108

      South Elgin Land For Sale

      1.68 acre commercial land available in South Elgin, Illinois.
      1088 Center Drive, South Elgin, IL 60177
      View Details
    • $153,000

      Residential Lot in South Elgin

      Ready-to-build lot in established South Elgin neighborhood.
      7 Lydia Court, South Elgin, IL 60177
      View Details
    • $575,000
      2,763 SF

      Premium Office Condo For Sale

      Two-unit office condo in South Elgin's Thornwood Professional Center.
      460 Briargate Drive #500, South Elgin, IL 60177
      View Details
    • $100,000

      Residential Lot in South Elgin

      0.46-acre lot to build your dream home.
      2550 Stony Lane, South Elgin, IL 60177
      View Details
    • $7,539,295
      19,500 SF

      Veterinary Portfolio in Chicago Suburbs

      Three properties, 100% leased to Mission Pet Health.
      477 Briargate Dr, South Elgin, IL 60177
      View Details
    • $4,000,000
      21,734 SF

      South Elgin Retail Investment Opportunity

      New construction retail space with long-term lease in affluent area.
      436 S Randall Rd, South Elgin, IL 60177
      View Details
    • $75,000

      Profitable Gaming Property For Sale

      Recently renovated gaming property available for purchase.
      310 N LaFox Street, South Elgin, IL 60177
      View Details
    • Contact for pricing
      57 SF

      South Elgin Land Opportunity

      Land available for commercial and industrial development in South Elgin.
      SEC Stearns Rd. & McLean Blvd., South Elgin, IL 60177
      View Details
    • Contact for pricing

      57 Acres Development Land

      57-acre site suitable for commercial and industrial development.
      1150 N La Fox St, South Elgin, IL
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 0.50 acres of commercial land for sale.
    Where is this commercial land located?
    The property is located at 430 North McLean Boulevard South Elgin, IL.
    What is the asking price?
    The asking price for this property is $196,020.
    What are key features of this property?
    This property features: ±0.50 Acre Lot; Lighted Intersection Location; Located at McLean Rd and Hopps Blvd
    (630) 573-7000
    We can help!
    Listing Contact
    Tony Gange
    Tony Gange
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!