Move-In-Ready Office
472 North McLean Boulevard Elgin, IL 60123
472 North McLean Boulevard, Elgin, IL, 60123
Contact for pricing
For Sale
Contact for pricing
First-floor suite with reception, three offices, kitchen, private bath, and high-capacity electrical infrastructure.
Property Size1,197 SF
Price / SF$150.38
Days on Market44
Property Features for 472 North McLean Boulevard
General Information
- Standard status
- Active
- Size
- 1,197 SF
- Property subtype
- Office, Special Purpose
Building Details
- Year Built
- 1989
Listing Agency
Commercial Real Estate Exchange Inc
Listed by
Tomek Spirala · License #475.203935
Source
Crexi
Added: Jun 5 Checked: Jul 17 at 3:04 am
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 Commercial Real Estate Exchange Inc
Investment Insights
Based on property information with market context.
This 1,197 sq. ft. first-floor office suite is designed for immediate occupancy and day-to-day functionality. The space includes a welcoming reception area, three flexible offices or meeting rooms, a dedicated kitchen area, and a private bathroom. A key differentiator is the former data-center infrastructure, supported by 800 amps of electrical service and 3-phase, 415-volt power—an equipment-capacity level that’s uncommon in standard office environments.
The suite is situated close to Sherman Hospital and senior care living facilities, supporting convenient access for clients, staff, and scheduled appointments. Being on the first floor also supports straightforward entry and use for visiting customers.
The layout and electrical capacity make this property well-suited to professional services, tech-oriented operations, and creative teams that need both functional office space and dependable power for higher-demand equipment setups. With reception, multiple rooms for meetings or separate work areas, and on-site kitchen and restroom facilities, it can support organized workflows without requiring additional build-out for basic operating needs.
The suite is situated close to Sherman Hospital and senior care living facilities, supporting convenient access for clients, staff, and scheduled appointments. Being on the first floor also supports straightforward entry and use for visiting customers.
The layout and electrical capacity make this property well-suited to professional services, tech-oriented operations, and creative teams that need both functional office space and dependable power for higher-demand equipment setups. With reception, multiple rooms for meetings or separate work areas, and on-site kitchen and restroom facilities, it can support organized workflows without requiring additional build-out for basic operating needs.
Key Highlights
- 1,197 SF first‑floor office suite with reception, three offices (or meeting rooms), kitchen area, and private bathroom
- Former data‑center infrastructure with 800 amps of electrical service
- 3‑phase, 415‑volt power for high‑demand equipment and server setups
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $24.48 |
| − Vacancy | −$7.3k | −$6.10 |
| EGI | $22.0k | $18.38 |
| − OpEx | −$5.5k | −$4.60 |
| NOI | $16.5k | $13.79 |
1,197 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$235.8K
$206.3K – $275.1K
NOI $16,505 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.3K
$361.6K – $482.2K
NOI $28,929 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Titan Plumbing & Drain ...
Plumbing Service
17 Colin Construction ...
Construction Company
hireneXus
Employment Agency
Elgin Eye Clinic
Eye Care Center
Vida Yoga and Fitness
Gym & Fitness Center
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FAQs
What type of property is this?
Office units - First-floor suite with reception, three offices, kitchen, private bath, and high-capacity electrical infrastructure.
Where is this office units located?
The property is located at 472 North McLean Boulevard Elgin, IL.
What is the asking price?
The asking price for this property is $179,999.
What are key features of this property?
This property features: 1,197 SF first‑floor office suite with reception, three offices (or meeting rooms), kitchen area, and private bathroom; Former data‑center infrastructure with 800 amps of electrical service; 3‑phase, 415‑volt power for high‑demand equipment and server setups
