Remodeled Office
For Sale
$265,000
957 N Liberty St, Elgin, IL 60120
A flexible office layout includes private workrooms, a conference room, and a separate customer reception area.
Property Size893 SF
Price / SF$296.75
Days on Market8
Property Features for 957 N Liberty St
General Information
Standard status
Active
Size
893 SF
Total Parking Spaces
5
Property subtype
Commercial
Additional Details
Condition
Newly Renovated
Highway Access
Yes
Property Use
Office
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Zamudio Realty Group
Listed By:
Esther Zamudio, GRI,SRES
Source:
Illianahomesource
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 28 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zamudio Realty Group
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Investment Insights
Based on property information with market context.
This remodeled office building offers 893 square feet of interior space, with two separate entrances, an open reception and waiting area, three private offices, and a conference room. A kitchenette and half bathroom complete the layout. Interior updates include new flooring and neutral finishes, with natural light throughout.
Five adjacent parking spaces serve the property. The commercial corridor location is near Advance Auto Parts, Armando's Supermarket, and Los Comales Mexican Restaurant, with access to I-90 Expressway. The building and parking lot each have a separate PIN.
Five adjacent parking spaces serve the property. The commercial corridor location is near Advance Auto Parts, Armando's Supermarket, and Los Comales Mexican Restaurant, with access to I-90 Expressway. The building and parking lot each have a separate PIN.
Key Highlights
- 893‑square‑foot remodeled office building
- Three private offices and a conference room
- Two separate entrances and an open reception and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,313
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,260
$246.3K
Cap Rate 7%
$175,900
$175.9K
Cap Rate 9%
$136,811
$136.8K
Market Conditions
NOI Build-Up for 893 SF
Gross rent
$21.9K $24.48/SF
− Vacancy
−$5.4K −$6.10/SF
EGI
$16.4K $18.38/SF
− OpEx
−$4.1K −$4.60/SF
NOI
$12.3K $13.79/SF
Area
Cook County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,260
Cap Rate 7%
$175,900
Cap Rate 9%
$136,811
Alternative Uses
Best Use
Office B
$175.9K
$153.9K – $205.2K
NOI $12,313 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.3K
$269.8K – $359.7K
NOI $21,582 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 60120, IL
50,799
Population
17,112
Households
3
Avg Household Size
35
Median Age
19%
College-Educated
74%
High-School Grad
17.4 sq mi
ZIP Area
2,919
Density / Sq Mi
$80,305
Median Household Income
$37,495
Median Earnings
$1,250
Median Rent
$227,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A flexible office layout includes private workrooms, a conference room, and a separate customer reception area.
Where is this office building located?
The property is located at 957 N Liberty St Elgin, IL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 893‑square‑foot remodeled office building; Three private offices and a conference room; Two separate entrances and an open reception and waiting area
