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    1040 Chicago St Elgin, IL 60120

    Sponsored
    For Sale
    Contact for pricing

    Prime Elgin auto shop, 2.5 acres. High visibility.

    Property size:
    13,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1040 E Chicago Street in Elgin, Illinois, presents a significant opportunity for automotive businesses. The 13,200 square foot building sits on a substantial 2.5-acre lot, offering ample space for operations and expansion. The property boasts excellent visibility and frontage on Chicago Street (Route 19), ensuring high traffic and brand recognition. Full motion access from East Chicago Street provides convenient ingress and egress. Inside, the shop area features a generous 16-foot clear height, ideal for accommodating various automotive needs. The property is zoned C1-Commercial Industrial, making it suitable for a range of automotive-related uses. The strong area demographics and substantial daytime population create a robust customer base. This location offers a unique blend of size, visibility, and accessibility, making it an attractive investment for discerning buyers. The property's address is 1040 E Chicago St, Elgin, IL 60120, situated in Cook County.

    Property Features for 1040 Chicago St

    General Information

    Property type
    Automotive properties
    Square Feet
    13,200 SF
    Lot Size
    108,900 SF

    Building Details

    Stories
    1

    HighLights

    • 13,200 SF building on a 2.5‑acre lot in Elgin, IL.
    • Excellent visibility and frontage on Route 19 (Chicago Street).
    • Full motion access from East Chicago Street.
    • 16‑foot clear height shop area.
    • C1‑Commercial Industrial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.250620620063
    Latitude
    42.033053626848

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    FAQs

    What type of property is this?
    Automotive property - Prime Elgin auto shop, 2.5 acres. High visibility.
    Where is this automotive property located?
    The property is located at 1040 Chicago St Elgin, IL.
    What are key features of this property?
    This property features: 13,200 SF building on a 2.5-acre lot in Elgin, IL.; Excellent visibility and frontage on Route 19 (Chicago Street).; Full motion access from East Chicago Street.
    (630) 573-7112
    Request Owner's contact information
    1040 Chicago St Elgin, IL 60120
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    Elgin, IL 60120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1040 Chicago St Elgin, IL 60120
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