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    440 Airport Rd Elgin, IL 60123

    Sponsored
    For Lease
    $9 SF/Yr

    12,930 SF Flex Space, Elgin, IL

    Lot size:
    12,930 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,930-square-foot flex space at 400-440 Airport Road in Elgin, Illinois, presents a unique investment opportunity. Boasting a versatile Planned Area Business (PAB) zoning designation, this property offers broad commercial use potential. The single-story building underwent a complete renovation in 2015, resulting in modern office space ready for immediate occupancy. The property features two loading docks, one drive-in door, and ample parking, with a ratio of four spaces per 1,000 square feet. Its strategic location provides excellent highway access via the I-90/Route 31 four-way interchange, ensuring convenient transportation and logistics. The minimum divisible space is 12,930 square feet, and the maximum contiguous space available is also 12,930 square feet. Currently, the entire 12,930 square feet is vacant and ready for a new tenant. Property taxes are $1.34 per square foot. This property is ideal for a variety of businesses seeking a modern, well-located, and adaptable space. The flexible layout and recent renovations make this an attractive option for companies needing both office and warehouse/distribution capabilities. Don't miss this chance to secure a prime commercial property in a thriving location.

    Property Features for 440 Airport Rd

    General Information

    Property type
    Churches & religious facilities
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,930 SF

    Building Details

    Year Renovated
    2015
    Stories
    1

    Unit(s) available at that property

    Space
    UNIT 440 C/D/E/F
    Size
    12,930 SF
    Rate per SF
    $9

    HighLights

    • Planned Area Business (PAB) zoning allows for diverse commercial uses.
    • Recently refurbished in 2015.
    • Excellent highway access at the I‑90/Route 31 interchange.
    • Modern office space with ample parking.
    • 12,930 SF available, divisible to 12,930 SF minimum.
    Property Profile Location Intelligence

    Current Use by Public Records

    Iglesia Esperanza de ... Church Of Christ His Cloud Of Glory College GC Services LP Call Center American Sentinel Security Guard Service

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Auto Repair Shop Hair Salon Wholesale Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.286163544366
    Latitude
    42.070262754291

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    FAQs

    What type of property is this?
    Church & religious facility - 12,930 SF Flex Space, Elgin, IL
    Where is this church & religious facility located?
    The property is located at 440 Airport Rd Elgin, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Planned Area Business (PAB) zoning allows for diverse commercial uses.; Recently refurbished in 2015.; Excellent highway access at the I-90/Route 31 interchange.
    Request Owner's contact information
    440 Airport Rd Elgin, IL 60123
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    Elgin, IL 60123
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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
    440 Airport Rd Elgin, IL 60123
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