Leased Office Condominium
For Sale
Contact for pricing
Pending
81-87 S McLean Blvd, South Elgin, IL 60177
Four leased office condominium units total 3,560 Sf, with three current tenants and one unit temporarily vacant.
Property Size3,560 SF
Days on Market149
Property Features for 81-87 S McLean Blvd
General Information
Standard status
Pending
Size
3,560 SF
Property subtype
Office
Additional Details
Office Units
4
Building Details
Tenancy
Multi
Listing Agency:
DK Realty Partners
Listed By:
Paul Demik · License #IL 471006331
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 1 at 10:04PM
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 DK Realty Partners
Investment Insights
Based on property information with market context.
This offering consists of four leased office condominium units within a professional office park. The units include A (1,440 Sf) leased to Edward Jones, C (740 Sf) leased to a psychologist office, F (640 Sf) leased to Allure Salon, and D (740 Sf) currently vacant with the owner paying rent until it is leased.
The property is located at 81-87 S McLean Blvd in South Elgin, Illinois, within an office park setting that includes the Gail Bordon Library. Call the broker for access to the rent roll, tax bills, and association billing.
Total leased area across the building is 3,560 Sf, with stated annual income of $76,212.96. Real estate taxes are listed at $10,456.00 and association dues at $10,439.00, resulting in a stated net income of $55,317.96.
The property is located at 81-87 S McLean Blvd in South Elgin, Illinois, within an office park setting that includes the Gail Bordon Library. Call the broker for access to the rent roll, tax bills, and association billing.
Total leased area across the building is 3,560 Sf, with stated annual income of $76,212.96. Real estate taxes are listed at $10,456.00 and association dues at $10,439.00, resulting in a stated net income of $55,317.96.
Key Highlights
- Four leased office condo units totaling 3,560 SF in a professional office park
- Unit A‑1: 1,440 SF leased to Edward Jones
- Unit C: 740 SF leased to a psychologist office
Property Analytics
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Four leased office condominium units total 3,560 Sf, with three current tenants and one unit temporarily vacant.
Where is this office units located?
The property is located at 81-87 S McLean Blvd South Elgin, IL.
What are key features of this property?
This property features: Four leased office condo units totaling 3,560 SF in a professional office park; Unit A‑1: 1,440 SF leased to Edward Jones; Unit C: 740 SF leased to a psychologist office
