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    2001 Larkin Ave Elgin, IL 60123

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Elgin medical space, 2 suites available.

    Lot size:
    44,070 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class B medical office building, located at 2001 Larkin Avenue in Elgin, Illinois, presents a rare opportunity. The property boasts a total of 44,070 square feet situated on a generous 3.21-acre lot. Built in 2001, the single-building complex is ideally situated in Kane County's Far Northwest submarket, within the Northwest cluster. The building currently offers two available suites, providing flexible space options for medical practices seeking expansion or relocation. One suite offers approximately 5,000 square feet, while the other provides approximately 7,398 square feet. Both spaces are customizable, allowing tenants to design their ideal layout to meet their specific needs. The property's multiple tenancy structure ensures a diverse and thriving environment. This prime location in Elgin offers excellent accessibility and visibility, making it an attractive option for medical professionals seeking to establish or grow their practice. The property's size and location make it an ideal investment for those seeking a strong return in a growing market. The zip code is 60123.

    Property Features for 2001 Larkin Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,070 SF
    Class
    B
    Total Rate
    64268.75

    Building Details

    Year Built
    2001
    Buildings
    1

    Unit(s) available at that property

    Space
    Lower Level
    Size
    5,000 SF
    Rate per SF
    $17
    Space
    Second Floor
    Size
    7,398 SF
    Rate per SF
    $17

    HighLights

    • Class B medical office building totaling 44,070 square feet on a 3.21‑acre lot in Elgin, IL (60123).
    • Two available suites: 5,000 SF lower level and 7,398 SF second floor, both customizable.
    • Ample parking.
    • Convenient access to I‑90 and Route 20.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cirone Computer Consulting Computer Consultant Darmon Orthodontics Dentist Dentist Dentist Applied Pedorthic Services Medical Clinic ATM (Associated Bank) Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.3271954
    Latitude
    42.031781

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    FAQs

    What type of property is this?
    Medical office - Prime Elgin medical space, 2 suites available.
    Where is this medical office located?
    The property is located at 2001 Larkin Ave Elgin, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Class B medical office building totaling 44,070 square feet on a 3.21-acre lot in Elgin, IL (60123).; Two available suites: 5,000 SF lower level and 7,398 SF second floor, both customizable.; Ample parking.
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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
    2001 Larkin Ave Elgin, IL 60123
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