Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Swc Big Timber & Madeline Elgin, IL 60124
    Back to Search
    Property profile & analytics

    Swc Big Timber & Madeline Elgin, IL 60124

    View on Map
    • Land
    • 20.97 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Swc Big Timber & Madeline

    Lot size
    20.97 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 20.97-acre industrial land parcel in Elgin, Illinois, presents a unique investment opportunity. Located at the southwest corner of Big Timber Road and Madeline Drive, this property boasts convenient access to a robust transportation network. The site is zoned PGI (Planned General Industrial), allowing for a variety of industrial uses. Utilities and infrastructure are readily available, and the land is fully usable, net of detention. The property is divisible into approximately 10-acre parcels, offering flexibility for developers. Its strategic location offers proximity to a four-way interchange at I-90 and Randall Road, ensuring seamless connectivity. Furthermore, the area provides access to a wide range of amenities, including restaurants, lodging, shopping centers, and entertainment venues. The property's 2021 real estate taxes totaled $141,251. This master-planned park site is particularly well-suited for transportation and trucking-related developments. The asking price for this significant industrial land offering is $9,134,532. This presents a compelling opportunity to capitalize on Elgin's thriving industrial market and its strategic location within Kane County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.3478
    Latitude
    42.0709

    Comparable in this City

    • Value Estimation by Request

      2500 Westfield Dr

      INDUSTRIAL (GENERAL)
      2500 Westfield Dr, Elgin, IL 60124-7700
      View Details
    • Value Estimation by Request

      Elgin, IL 60124

      INDUSTRIAL (GENERAL)
      Elgin, IL 60124
      View Details
    • Value Estimation by Request
      3.43 Acres

      Elgin, IL 60124

      INDUSTRIAL (GENERAL) • 3.43 Acres
      Elgin, IL 60124
      View Details
    • Value Estimation by Request

      1395 Gtwy Dr

      INDUSTRIAL (GENERAL)
      1395 Gtwy Dr, Elgin, IL 60124-7866
      View Details
    • Value Estimation by Request

      1415 Madeline Ln

      INDUSTRIAL (GENERAL)
      1415 Madeline Ln, Elgin, IL 60124-7949
      View Details
    • Value Estimation
      $32,680,000
      522,133 SF

      2500 Westfield Dr

      INDUSTRIAL (GENERAL) • 522,133 SF
      2500 Westfield Dr, Elgin, IL 60124-7836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      301,876 SF

      New Class A Business Park

      Brand new business park near I-90 and Randall Road.
      2563 Mason Rd, Elgin, IL 60124
      View Details
    • Contact for pricing

      Vacant Land For Sale

      Vacant land available for sale.
      1100 Randall Rd, Elgin, IL 60124
      View Details
    • Contact for pricing
      86,840 SF

      New Industrial Building Near I-90

      New 86,840 SF industrial building in a business park.
      2760 Alft Ln, Elgin, IL 60124
      View Details
    • Contact for pricing

      Elgin Transportation/Office Building For Sale

      62,000 SF transportation/office building with high-end amenities, built in 2022.
      1425 Madeline Ln, Elgin, IL 60124
      View Details
    • $8,715,000
      20 SF

      Elgin Land Parcel For Sale

      20.97 acre land parcel ideal for transportation and trucking.
      Swc Big Timber & Madeline Bts, Elgin, IL 60124
      View Details
    • Contact for pricing

      Pad Ready Site For Sale

      Improved site with flexible zoning near I-90 interchange.
      West Dundee, IL 60124
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      64,624 SF

      New Class A Business Park

      New business park near I-90, available for lease or purchase.
      2801 Alft Ln, Elgin, IL 60124
      View Details
    • Contact for pricing

      Elgin Distribution Space Available

      High-efficiency distribution space with office in a business park.
      2450-2500 Northwest Pkwy, Elgin, IL 60124
      View Details
    • Contact for pricing

      Elgin Warehouse with Office Space

      154,492 SF available in Elgin with flexible availability.
      2768 Spectrum Dr, Elgin, IL 60124
      View Details
    • Contact for pricing

      Corporate HQ Facility For Rent

      14,832 SF corporate facility with new office renovations.
      2360-2380 Vantage Dr, Elgin, IL 60124
      View Details
    • Contact for pricing

      New Industrial Building Available

      New 168,932 SF industrial space for lease.
      1700 Madeline Ln, Elgin, IL 60124
      View Details
    • Contact for pricing

      Elgin Transportation/Office Building For Lease

      62,000 SF transportation/office building with high-end amenities, built in 2022.
      1425 Madeline Ln, Elgin, IL 60124
      View Details
    Request Owner's contact information
    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.
    Swc Big Timber & Madeline
    Elgin, IL 60124
    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
    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

    Thank You for Inquiry
    Swc Big Timber & Madeline, Elgin, IL, 60124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!