Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    105 Grv Ave Elgin, IL 60120

    • Office Properties & Spaces
    • 39,352 SF
    • 0.48 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $1,030,000
    Last Sale
    Sep 16, 2024
    $1,030,000
    Location Intelligence
    Property ID
    US28-1404006
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 105 Grv Ave

    Year built
    1925
    Lot size
    0.48 lot acres
    Property size
    39,352 SF
    Property type
    Office Properties & Spaces
    APN
    06-13-309-002
    APU
    613309002

    Description

    This exceptional Class A office building at 105 S Grove Ave, Elgin, IL 60120, offers a diverse range of flexible spaces ideal for various professional uses. The property boasts a total of 39,350 square feet across two stories, with eight individual suites available. Currently, 19,000 square feet of prime office space is vacant, offering significant opportunities for businesses seeking expansion or relocation. Units range from a minimum of 1,500 square feet to a maximum contiguous space of 19,000 square feet, catering to a variety of needs. The building is zoned CC-1 and features convenient amenities including ample parking with 100 spaces and a full-service elevator. The location in Elgin, Illinois provides easy access to major transportation routes and a thriving business community. This versatile property is perfectly suited for executive offices, medical practices, or creative businesses, offering a professional and efficient work environment. The building's adaptable layout allows for customization to meet specific business requirements. Don't miss this chance to secure your ideal office space in a highly desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,030,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,000,000
      6.5%
      $975,000
      7%
      $980,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,190,000
      Geo Method
      $990,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $890,000
      Retail
      $960,000
      Mixed-Use
      $1,125,000
      Hospitality
      $830,000
      Educational
      $1,065,000
      Residential Income
      $970,000
      Energy
      $1,080,000
      Income-Based Land
      $855,000
      Food Service
      $1,090,000

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.282
    Latitude
    42.0351
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,573
    $71,276
    $299,106
    $370,382
    -
    $213,828
    $897,318
    $1,111,146

    Comparable in this City

    • Value Estimation by Request
      16,900 SF

      164 Chicago St

      Office Properties & Spaces • 16,900 SF
      164 Chicago St, Elgin, IL 60120
      View Details
    • Value Estimation by Request
      62,235 SF

      366 Bluff City Blvd

      Office Properties & Spaces • 62,235 SF
      366 Bluff City Blvd, Elgin, IL 60120
      View Details
    • Value Estimation by Request
      3,227 SF

      693 Dundee Ave

      OFFICE (GENERAL) • 3,227 SF
      693 Dundee Ave, Elgin, IL 60120-3820
      View Details
    • Value Estimation
      $245,000
      780 SF

      1130 Dundee Ave

      OFFICE (GENERAL) • 780 SF
      1130 Dundee Ave, Elgin, IL 60120-2212
      View Details
    • Value Estimation
      $290,000
      10,496 SF

      1185 Dundee Ave

      OFFICE (GENERAL) • 10,496 SF
      1185 Dundee Ave, Elgin, IL 60120-2232
      View Details
    • Value Estimation
      $205,000
      2,914 SF

      820 Dundee Ave

      OFFICE (GENERAL) • 2,914 SF
      820 Dundee Ave, Elgin, IL 60120-3068
      View Details

    Similar Nearby for Sale

    • $997,000
      8,728 SF

      One American Way Office Building

      Elgin, IL Office Space For Sale
      1 American Way, Elgin, IL 60120
      View Details
    • $1,900,000
      27,066 SF

      Downtown Elgin Office Building

      Prime Riverfront Office & Event Space
      80 Grove Ave, Elgin, IL 60120
      View Details
    • New
      $898,000
      0.59 Acres

      Modernized Office/Medical Building on Route 58

      Fully renovated office building with high visibility and flexible layouts.
      1 American Way, Elgin, IL 60120
      View Details
    • $2,090,880
      12.00 Acres

      Elgin Industrial Land: 12 Acres

      Prime Elgin location, 12 acres, $4/sq ft.
      1451 Dundee Ave, Elgin, IL 60120
      View Details
    • $699,000
      6,344 SF

      Bus Station

      Bike Trail
      17-27 Grove Ave, Elgin, IL 60120
      View Details
    • Contact for pricing
      27,150 SF

      Elgin Retail Space: Prime Location

      Large former bank, high visibility, 7.21 acres.
      1200 Chicago St, Elgin, IL 60120
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      5,180 SF

      Elgin Office Space Available

      5,180 SF office space for rent in Elgin, IL.
      30 Du Page Ct, Elgin, IL 60120
      View Details
    • Contact for pricing

      Downtown Elgin Street-Level Office Space

      Move-in ready office space in a vibrant downtown setting.
      50 S Grv Ave, Elgin, IL 60120
      View Details
    • Contact for pricing

      Elgin Office Suite For Rent

      Professional office suite in high-traffic commercial district, ideal for various businesses.
      1 American Way, Elgin, IL 60120
      View Details
    • $8 SF/Yr
      7,500 SF

      Elgin Office Building for Lease

      7,500 SF Office Space, 3 Suites Available
      474 Smt St, Elgin, IL 60120
      View Details
    • Contact for pricing

      Downtown Elgin Office Space Available

      Office spaces for lease in downtown Elgin, Illinois.
      80 S Grv Ave, Elgin, IL 60120
      View Details
    • New
      Contact for pricing

      Downtown Elgin Office Suites Available

      Office suites for rent in downtown Elgin landmark building.
      77 S Riverside Dr, Elgin, IL 60120
      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.
    105 Grv Ave
    Elgin, IL 60120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.