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    2250 Point Blvd Elgin, IL 60123

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    For Lease
    Contact for pricing

    Class A Office Space, 55,201 SF Available

    Lot size:
    81,421 SF

    Property Features for 2250 Point Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    81,421 SF
    Class
    A
    Total Rate
    128916.58

    Building Details

    Year Built
    1999
    Stories
    4

    Spaces For Lease

    at 2250 Point Blvd, Elgin, IL 60123 Contact us
    Unit Suite 115

    $19 /Mo

    Size
    2,042 SF
    Contact us
    Unit Suite 130

    $19 /Mo

    Size
    1,387 SF
    Contact us
    Unit Suite 140

    $19 /Mo

    Size
    1,338 SF
    Contact us
    Unit Suite 150

    $19 /Mo

    Size
    2,279 SF
    Contact us
    Unit Suite 200

    $19 /Mo

    Size
    2,017 SF
    Contact us
    Unit Suite 210

    $19 /Mo

    Size
    1,634 SF
    Contact us
    Unit Suite 220

    $19 /Mo

    Size
    1,749 SF
    Contact us
    Unit Suite 230

    $19 /Mo

    Size
    3,570 SF
    Contact us
    Unit Suite 240

    $19 /Mo

    Size
    890 SF
    Contact us
    Unit Suite 245

    $19 /Mo

    Size
    1,649 SF
    Contact us
    Unit Suite 248

    $19 /Mo

    Size
    3,030 SF
    Contact us
    Unit Suite 250

    $19 /Mo

    Size
    6,095 SF
    Contact us
    Unit Suite 317

    $19 /Mo

    Size
    1,300 SF
    Contact us
    Unit Suite 321

    $19 /Mo

    Size
    1,625 SF
    Contact us
    Unit Suite 322

    $19 /Mo

    Size
    4,658 SF
    Contact us
    Unit Suite 410

    $19 /Mo

    Size
    6,821 SF
    Contact us
    Unit Suite 420

    $19 /Mo

    Size
    3,324 SF
    Contact us
    Unit Suite 460

    $19 /Mo

    Size
    2,265 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Ryan Moen
    Ryan Moen

    Listing Agency: Versa Real Estate Services Listing Agent: Ryan Moen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A office building, located at 2250 Point Blvd in Elgin, Illinois, offers a prime opportunity for businesses seeking flexible and modern workspace. The four-story building, constructed in 1999, boasts a total of 81,421 square feet, with a significant 55,201 square feet currently vacant. Situated at the strategic intersection of Interstate 90 and Randall Road in Kane County, this location provides unparalleled accessibility and visibility. The property offers various suite sizes to accommodate diverse business needs, ranging from a minimum of 791 square feet to a maximum contiguous space of 22,383 square feet. Larger tenants may lease up to 45,000 square feet. On-site amenities include a convenient conference facility, and building signage opportunities are also available. The asking rent is $19.00 per square foot, modified gross. This property presents a rare chance to secure high-quality office space in a thriving location with excellent access to major transportation routes. The zip code is 60123.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Summer L Cain ... Insurance Agency Tri-County Claims Service, ... Small Claims Assistance Service Prevost Parts Travel Agency First American Title ... Title Company Big Timber Wealth ... Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Building Supply Hair Salon Auto Repair Shop Pharmacy Hotel & Motel Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.3319019
    Latitude
    42.0825605

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, 55,201 SF Available
    Where is this office property / space located?
    The property is located at 2250 Point Blvd Elgin, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Full-floor space available for lease.; Building signage opportunities available.; On-site conference room for tenant use.
    (630) 480-6346 Call to check price and availability
    Request Owner's contact information
    2250 Point Blvd Elgin, IL 60123
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    Elgin, IL 60123
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2250 Point Blvd Elgin, IL 60123
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Moen
    Ryan Moen
    Real Estate License ID: 471011256
    (630) 480-6346 (630) 294-0062 (630) 480-6413
    Learn more
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