400 Riv Rdg Dr Elgin, IL 60123-9370

Property Details for 400 Riv Rdg Dr

Year built

1980

Property size

8,740 SF

Property type

Commercial real estate

APN

03-34-326-043

APU

334326043

Description

This exceptional 14,900-square-foot executive office building in Elgin, Illinois, presents a unique investment opportunity. Situated on a 0.867-acre lot at 400 River Ridge Dr, this two-story, 1978-built brick and steel structure boasts 48 parking spaces and offers unparalleled convenience with quick access to I-90 and IL-31. The main building, designed for optimal productivity, features high-end finishes including high-end cabinetry, French doors, two large conference rooms, an executive office with a fireplace and mini-refrigerator, three 50-inch mounted TVs, crown molding, an executive kitchen, and a workout room. The space includes 30 spacious offices with built-in desks, six large restrooms, two reception areas, a zoned motion-sensor security system, and a complete phone system. Three-zone heating and cooling ensures climate control. The attached 4,400-square-foot garage/warehouse space offers versatile storage options, featuring two separate entrances, three 22-foot-tall garage doors, one 10-foot garage door, and a 35-foot ceiling height. This space also includes two overhead heaters. The building is divisible into three approximately 3,300-square-foot leasable office spaces, making it ideal for investors. Currently, half the building is occupied by a paying tenant, offering immediate income potential. The property's prime location, across from the Holiday Inn Elgin, and its functional amenities make it a perfect fit for a variety of professional services businesses. The net rentable space is 3,300 square feet. The asking price is $1,795,000. A quick closing is possible.

Location Insight

City

Elgin

County

Kane

State

Illinois

Longitude

-88.287

Latitude

42.0739

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments