Office-Warehouse Flex
640 Church Rd, Elgin, IL 60123
For Sale
New
$2,175,000
A mixed office and industrial layout supports light industrial, manufacturing, and distribution operations.
Property Size20,125 SF
Lot Size1.04 Acres
Price / SF$108.07
Days on Market2
Property Features for 640 Church Rd
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Premier Commercial Realty
Listed By:
Heather Schweitzer · License #471019756
(815) 236-9816
Source:
Premiercommercialrealty
Added: Nov 8
Last Checked: Nov 8 at 5:38PM
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 Premier Commercial Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines 3,800 square feet of office space with 16,325 square feet of warehouse and industrial area. Built in 1978, the building offers a substantial work area alongside dedicated office space on a 1.04-acre site.
The property is located at 640 Church Rd in Elgin, Illinois. Its office-and-warehouse configuration is suited to light industrial, manufacturing, and distribution uses.
The property is located at 640 Church Rd in Elgin, Illinois. Its office-and-warehouse configuration is suited to light industrial, manufacturing, and distribution uses.
Key Highlights
- 20,125 SF building on 1.04 acres
- 3,800 SF of office space and 16,325 SF of warehouse/industrial space
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,002
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,660,040
$2.7M
Cap Rate 7%
$1,900,029
$1.9M
Cap Rate 9%
$1,477,800
$1.5M
Market Conditions
NOI Build-Up for 20,125 SF
Gross rent
$214.9K $10.68/SF
− Vacancy
−$10.3K −$0.51/SF
EGI
$204.6K $10.17/SF
− OpEx
−$71.6K −$3.56/SF
NOI
$133.0K $6.61/SF
Area
Kane County, IL
Vacancy
4.80%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,660,040
Cap Rate 7%
$1,900,029
Cap Rate 9%
$1,477,800
Alternative Uses
Best Use
Flex RnD
$1.90M
$1.66M – $2.22M
NOI $133,002 @ 7.0% cap · market cap 6.12%
Second Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $105,195 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$6.95M
$6.08M – $8.11M
NOI $486,377 @ 7.0% cap · market cap 22.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Kane County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Gator's Cajun Cuisine — Canterfield Pkwy W, West Dundee, IL 60118
Frequently Asked Questions
What type of property is this?
Flex space - A mixed office and industrial layout supports light industrial, manufacturing, and distribution operations.
Where is this flex space located?
The property is located at 640 Church Rd Elgin, IL.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: 20,125 SF building on 1.04 acres; 3,800 SF of office space and 16,325 SF of warehouse/industrial space; Built in 1978
