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NNN Leased Jiffy Lube
For Sale
Contact for pricing
Pending

445 South McLean Boulevard, Elgin, IL 60123

Long-term tenant since 2004, high-traffic location, stable investment.

Property Size1,942 SF
Days on Market94

Property Features for 445 South McLean Boulevard

General Information

Standard status Pending
Size 1,942 SF
Total Parking Spaces 6
Property subtype Retail
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease

Building Details

Year Built 2004
Units 1
Tenancy Single
Listing Agency: Marcus & Millichap SWM Group
Listed By: Adrian Mendoza · License #IL 475.147980
Source: Crexi
Added: May 26 Changed: Aug 8 Last Checked: Jul 26 at 2:08PM

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 SWM Group

Investment Insights

Based on property information with market context.

This property features an absolute triple-net leased Jiffy Lube, backed by Team Car Care, a large franchise operator with 550 locations nationwide. The tenant has been in place since 2004, providing long-term stability. The property is located directly off Route 20's on/off ramp, which sees 46,000 vehicles per day (VPD). It also has prominent frontage along Mclean Boulevard, with 26,500 VPD. The location is adjacent to major employment and education hubs. Within a three-mile radius, 89,174 people are employed, and within five miles, 170,280 people reside. The property size is 1,942 square feet and is suitable for auto shops, automotive properties, retail spaces, NNN properties, specialty properties, and other NNN property uses.

Key Highlights

  • Absolute triple‑net leased Jiffy Lube
  • Tenant in place since 2004, providing long‑term stability
  • Large franchise operator backed by Team Car Care (550 locations nationwide)

Property Analytics

Current Use

Jiffy Lube Auto Repair Shop

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Dental Office Building Supply Restaurant Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

484
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60123, IL

47,932
Population
18,129
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
14.0 sq mi
ZIP Area
3,424
Density / Sq Mi
$86,762
Median Household Income
$40,288
Median Earnings
$1,226
Median Rent
$242,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Elite Window Tinting 1641 St Andrews Cir, Elgin, IL 60123
  • Shades inc. 1330 Crispin Dr unit 217, Elgin, IL 60123
  • SHADES Window Tint 1330 Crispin Dr, Elgin, IL 60123
  • Bunge's Tire & Auto - Elgin 826 S McLean Blvd, Elgin, IL 60123
  • M & S Trailer Repair Service Inc/ Mobile Service 460 Second St, Elgin, IL 60123

Frequently Asked Questions

What type of property is this?
Auto shop - Long-term tenant since 2004, high-traffic location, stable investment.
Where is this auto shop located?
The property is located at 445 South McLean Boulevard Elgin, IL.
What is the asking price?
The asking price for this property is $1,232,000.
What are key features of this property?
This property features: Absolute triple‑net leased Jiffy Lube; Tenant in place since 2004, providing long‑term stability; Large franchise operator backed by Team Car Care (550 locations nationwide)
More about this property
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