Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    207 Illinois Ave St. Charles, IL 60174

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Downtown Office, 1280 sq ft

    Lot size:
    1,280 SF

    Property Features for 207 Illinois Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,280 SF
    Total Rate
    19788.8

    Spaces For Lease

    at 207 Illinois Ave, St. Charles, IL 60174 Contact us
    Unit

    $185 /Mo

    Size
    1,280 SF
    Contact us

    We can help!

    Listing Contact
    Ryan Samuelson
    Ryan Samuelson

    Listing Agency: Corcoran Commercial Real Estate Listing Agent: Ryan Samuelson

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 1,280 square foot office space is available for lease in the heart of St. Charles, Illinois, located at 207 Illinois Ave, zip code 60174. Situated in Kane County, this single-tenant property offers a versatile layout suitable for various office uses, including executive, traditional, creative, and medical practices. The building's prime downtown location provides easy access to the Fox River and a vibrant array of restaurants, making it an attractive option for businesses seeking a convenient and desirable work environment. The property boasts a total of 1,280 square feet of well-maintained office space. Its classification as an Executive Office, Traditional Office, Creative Office, and Medical Office highlights its adaptability to a wide range of professional needs. The address is easily accessible and benefits from its proximity to local amenities. This property presents a unique opportunity for businesses seeking a well-located and functional office space in a thriving community. Interested parties are encouraged to inquire for further details and leasing information. The property is located at 41.9124527 latitude and -88.3107365 longitude.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nova Dumpster Rental General Contractor

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    St. Charles
    County
    Kane
    State
    Illinois
    Longitude
    -88.3107365
    Latitude
    41.9124527

    Nearby Similar for Lease

    • $15 SF/Yr
      59,770 SF

      St. Charles Office Space Available

      Prime Office Suites, Flexible Sizes
      255 38Th Ave, St. Charles, IL 60174
      View Details
    • $15 SF/Yr
      11,939 SF

      Historic St. Charles Office Suites

      Prime Downtown Location, Flexible Spaces
      303 Main St, St. Charles, IL 60174
      View Details
    • $8 SF/Yr
      6,248 SF

      St. Charles Office Space for Lease

      Flexible office solutions in prime location.
      300 Cardinal Dr, St. Charles, IL 60175
      View Details
    • Contact for pricing
      24,845 SF

      St. Charles Retail Spaces Available

      Prime St. Charles retail, multiple suites.
      0 St Of St, St. Charles, IL 63303
      View Details
    • Contact for pricing
      813 SF

      St. Charles Retail Space - 813 SF

      Prime Retail Space, Updated in 2016
      660 Randall Rd, St. Charles, IL 60174
      View Details
    • Contact for pricing
      76,955 SF

      Charlestowne Mall Retail Space

      High-traffic St. Charles retail opportunity.
      3700 Main St, St. Charles, IL 60174
      View Details
    • Contact for pricing
      15,132 SF

      West Gate Retail Space

      St. Charles, IL Retail Opportunity
      3341 Main St, St. Charles, IL 60175
      View Details
    • $13 SF/Yr
      28,000 SF

      St. Charles Office Building - 28,000 SF

      Prime St. Charles office space, multiple tenants.
      311 2Nd St, St. Charles, IL 60174
      View Details
    • $11 SF/Yr
      40,000 SF

      Foxfield Executive Square Offices

      St. Charles Office Space: Multiple Suites Available
      2560 Foxfield Rd, St. Charles, IL 60174
      View Details
    • Contact for pricing
      33,433 SF

      St. Charles Executive Office Space

      Prime St. Charles office suites, flexible sizes.
      333 Randall Rd, St. Charles, IL 60174
      View Details
    • Contact for pricing
      8,475 SF

      Main Street Commons Retail Space

      St. Charles, IL Power Center - Spaces Available
      64 & Kirk Rd St, St. Charles, IL 60174
      View Details
    • $12 SF/Yr
      10,000 SF

      St. Charles Office Space Available

      Executive Suites, Prime Location, 10,000 SF
      3809 Illinois Ave, St. Charles, IL 60174
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Downtown Office, 1280 sq ft
    Where is this medical office located?
    The property is located at 207 Illinois Ave St. Charles, IL.
    What is the lease rate?
    The lease rate is $185 SF/Yr.
    (630) 674-8424 Call to check price and availability
    Request Owner's contact information
    207 Illinois Ave St. Charles, IL 60174
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    207 Illinois Ave
    St. Charles, IL 60174
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    207 Illinois Ave St. Charles, IL 60174
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Samuelson
    Ryan Samuelson
    Real Estate License ID: 471008643
    (630) 674-8424
    Learn more
    Google sign-in failed. Please try again or use another login method.