Downtown Mixed-Use
For Sale
$450,000
45 - 65 Woodbury St, South Elgin, IL 60177
Updated commercial space combines adaptable work areas, private offices, and retail-office zoning in downtown South Elgin.
Property Size2,425 SF
Price / SF$185.57
Days on Market50
Property Features for 45 - 65 Woodbury St
General Information
Standard status
Active
Size
2,425 SF
Amenities
flexible open work area
multiple private offices
attractive modern finishes
two restrooms
kitchenette
dedicated storage space
landscaping
snow removal
exterior upkeep
Building Details
Year Built
2007
Construction
contemporary
Listing Agency:
Suburban Life Realty, Ltd.
Listed By:
Sapan Patel
(847) 309-6939
Source:
Grandviewrealtyservices
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 26 at 5:31PM
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 Suburban Life Realty, Ltd.
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Investment Insights
Based on property information with market context.
Constructed in 2007, this updated mixed-use property provides up to 2,425 square feet of adaptable commercial space at 45–65 Woodbury St. The interior includes an open work area, several private offices, two restrooms, a kitchenette, and dedicated storage. Modern finishes support a range of retail and office configurations, while zoning accommodates both retail and office functions.
The property is situated in downtown South Elgin near new luxury apartments, a senior living community, parks, an amphitheater, a splash pad, the Fox River, and bike and walking trails. The surrounding residential and recreational uses contribute to pedestrian activity and visibility. A property association manages landscaping, snow removal, and exterior maintenance, supporting a professionally maintained setting for occupants and owners.
The property is situated in downtown South Elgin near new luxury apartments, a senior living community, parks, an amphitheater, a splash pad, the Fox River, and bike and walking trails. The surrounding residential and recreational uses contribute to pedestrian activity and visibility. A property association manages landscaping, snow removal, and exterior maintenance, supporting a professionally maintained setting for occupants and owners.
Key Highlights
- Up to 2,425 SF of commercial space
- Retail and office zoning
- Open work area with multiple private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,119
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,380
$602.4K
Cap Rate 7%
$430,271
$430.3K
Cap Rate 9%
$334,656
$334.7K
Market Conditions
NOI Build-Up for 2,425 SF
Gross rent
$52.4K $21.60/SF
− Vacancy
−$4.2K −$1.73/SF
EGI
$48.2K $19.87/SF
− OpEx
−$18.1K −$7.45/SF
NOI
$30.1K $12.42/SF
Area
Kane County, IL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,380
Cap Rate 7%
$430,271
Cap Rate 9%
$334,656
Alternative Uses
Best Use
Mixed Use
$430.3K
$376.5K – $502.0K
NOI $30,119 @ 7.0% cap · market cap 6.69%
Second Best
Retail
$418.2K
$365.9K – $487.9K
NOI $29,272 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$837.2K
$732.6K – $976.8K
NOI $58,607 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
6,930 visits/mo
0.5 miles
Shell
Shops & Services
4,909 visits/mo
0.4 miles
Demographics for 60177, IL
24,361
Population
8,700
Households
2.8
Avg Household Size
37
Median Age
38%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
2,737
Density / Sq Mi
$123,700
Median Household Income
$59,266
Median Earnings
$1,612
Median Rent
$296,200
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial space combines adaptable work areas, private offices, and retail-office zoning in downtown South Elgin.
Where is this mixed-use property located?
The property is located at 45 - 65 Woodbury St South Elgin, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Up to 2,425 SF of commercial space; Retail and office zoning; Open work area with multiple private offices
