Multi-Unit Flex Warehouse
For Sale
Contact for pricing
765 Villa St, Elgin, IL 60120
Four flex/warehouse units with rear paved parking and about 300 feet of frontage on Villa Street.
Property Size11,024 SF
Lot Size2.00 Acres
Price / SF$126.90
Days on Market86
Property Features for 765 Villa St
General Information
Standard status
Active
Size
11,024 SF
Lot size
2.00 Acres
Property subtype
INDUSTRIAL
Additional Details
Road Access
Yes
Listing Agency:
Kammes Commercial
(630) 667-3333
Listed By:
Lance J. Kammes · License #475090263
(630) 667-3333
Source:
Moodyscre
Added: May 6
Changed: Jul 25
Last Checked: Jul 30 at 9:37AM
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 Kammes Commercial
Investment Insights
Based on property information with market context.
This versatile multi-unit flex/warehouse building offers four separate units, providing flexibility for an owner user while maintaining rental income potential. Units A, C, and D can support either new ownership occupancy or new leases with current tenants, depending on the business plan.
The property includes approximately 300 feet of frontage on Villa Street and features 2 acres of land with a paved parking area in the rear for tenant and customer use.
Positioned in the city’s light industrial zoning district, the building is suited to a range of light industrial and flex applications where multi-unit configuration and flexible occupancy options are important.
The property includes approximately 300 feet of frontage on Villa Street and features 2 acres of land with a paved parking area in the rear for tenant and customer use.
Positioned in the city’s light industrial zoning district, the building is suited to a range of light industrial and flex applications where multi-unit configuration and flexible occupancy options are important.
Key Highlights
- 4‑unit versatile building for an owner‑user with rental income potential
- Units A, C, and D can be occupied by new ownership or leased to current tenants
- About 300' of frontage on Villa Street
Financial Insights For Flex RnD
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 | $198.4k | $18.00 |
| − Vacancy | −$19.8k | −$1.80 |
| EGI | $178.6k | $16.20 |
| − OpEx | −$62.5k | −$5.67 |
| NOI | $116.1k | $10.53 |
11,024 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.66M
$1.45M – $1.93M
NOI $116,083 @ 7.0% cap · market cap 8.30%
Second Best
Warehouse
$823.2K
$720.3K – $960.4K
NOI $57,623 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,426 @ 7.0% cap · market cap 19.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60120, IL
50,799
Population
17,112
Households
3
Avg Household Size
35
Median Age
19%
College-Educated
74%
High-School Grad
17.4 sq mi
ZIP Area
2,919
Density / Sq Mi
$80,305
Median Household Income
$37,495
Median Earnings
$1,250
Median Rent
$227,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Cuisine America — 407 Bluff City Blvd, Elgin, IL 60120
Frequently Asked Questions
What type of property is this?
Flex space - Four flex/warehouse units with rear paved parking and about 300 feet of frontage on Villa Street.
Where is this flex space located?
The property is located at 765 Villa St Elgin, IL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 4‑unit versatile building for an owner‑user with rental income potential; Units A, C, and D can be occupied by new ownership or leased to current tenants; About 300' of frontage on Villa Street
