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    1451 Dundee Ave Elgin, IL 60120

    Sponsored
    For Sale
    $2,090,880

    Prime Elgin location, 12 acres, $4/sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12-acre parcel in Elgin, Illinois, presents a remarkable investment opportunity. Located at 1451 Dundee Avenue, this commercially and industrially zoned property (GI - General Industrial) is priced at $2,090,880, or $4 per square foot. Its versatile zoning allows for a wide range of development possibilities, including warehousing, manufacturing, truck sales, a sports complex, medical offices, or even a hotel. The property boasts excellent visibility and accessibility. It's situated just 0.4 miles from a Pace bus stop, providing convenient public transportation access. Furthermore, it enjoys a direct view corridor to I-90, a major interstate highway, ensuring high traffic visibility. Dundee Avenue experiences a daily traffic volume of 20,100 vehicles, while I-90 sees 97,200 vehicles per day, offering significant potential for business exposure. This prime location in Cook/Kane/DuPage County, with its zip code 60120, offers unparalleled potential for a variety of commercial and industrial uses. The property's size and strategic location make it an ideal choice for businesses seeking a prominent presence in a thriving area.

    Property Features for 1451 Dundee Ave

    General Information

    Property type
    Land
    Lot Size
    522,720 SF

    HighLights

    • ±12‑acre parcel available for sale, priced at $4.00 PSF.
    • Versatile GI zoning allows for warehousing, manufacturing, truck sales, sports complex, medical offices, or hotel development.
    • Located 0.4 miles from a Pace bus stop.
    • Direct view corridor to I‑90.
    • High traffic visibility: Dundee Ave (20,100 VPD), I‑90 (97,200 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Church of the Brethren General ... Religious Organization Brethren Volunteer Service Religious Organization Anabaptist Worship Exchange Religious Organization Mary Knoll Missions ... Association Or Organization Brethen Historical Society Museum

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook/Kane/DuPage
    State
    Illinois
    Longitude
    -88.261297139231
    Latitude
    42.06355342805

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    FAQs

    What type of property is this?
    Land - Prime Elgin location, 12 acres, $4/sq ft.
    Where is this land located?
    The property is located at 1451 Dundee Ave Elgin, IL.
    What is the asking price?
    The asking price for this property is $2,090,880.
    What are key features of this property?
    This property features: ±12-acre parcel available for sale, priced at $4.00 PSF.; Versatile GI zoning allows for warehousing, manufacturing, truck sales, sports complex, medical offices, or hotel development.; Located 0.4 miles from a Pace bus stop.
    Request Owner's contact information
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    Elgin, IL 60120
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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
    1451 Dundee Ave Elgin, IL 60120
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