Property profile

0 Sec Stearns Rd & Mclean Blvd South Elgin, IL 60175

OFF-MARKET
Land
57 ac lot
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Property summary

AI-generated overview

This exceptional 57-acre parcel is situated at the highly desirable southeast corner of Stearns Road and McLean Boulevard in South Elgin, Illinois, zip code 60175. This greenfield site offers unparalleled development potential, boasting two traffic signals for optimal visibility and accessibility. The property is zoned for both commercial and industrial uses, making it suitable for a wide range of projects, from build-to-suit developments to outright land purchases. Utilities are readily available, with water and sewer services nearby, expediting the development process. Located in Kane County, this property benefits from low taxes, making it an attractive investment opportunity. Its strategic location provides convenient access to a variety of amenities and a substantial labor pool, ensuring a strong foundation for future business success. This significant land holding presents a rare opportunity to establish a presence in a thriving South Elgin market. The property's size and location make it ideal for large-scale commercial or industrial development. Don't miss this chance to acquire a substantial piece of land in a highly sought-after area.

Property profile

Verified
Property type Land
Lot 57 ac (2,482,920 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Sec Stearns Rd & Mclean Blvd South Elgin, IL 60175
South Elgin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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