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    2001 Larkin Ave Elgin, IL 60123

    • Commercial real estate
    • 30,130 SF
    For Lease
    View listing
    $17 SF/Yr
    Value Estimation
    $670,000
    Location Intelligence
    Property ID
    US28-2170302
    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

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

    Property Details for 2001 Larkin Ave

    Year built
    2001
    Property size
    30,130 SF
    Property type
    Commercial real estate
    APN
    06-16-452-013
    APU
    616452013

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $645,000

    • CAP approach

      CAP return
      Estimation
      6%
      $735,000
      6.5%
      $805,000
      7%
      $805,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $820,000
      Geo Method
      $765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $765,000
      Retail
      $775,000
      Mixed-Use
      $810,000
      Hospitality
      $765,000
      Educational
      $650,000
      Residential Income
      $655,000
      Energy
      $775,000
      Income-Based Land
      $650,000
      Food Service
      $755,000

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.3272
    Latitude
    42.0317
    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
    2022
    $111,543
    $411,969
    $874,407
    $1,286,376
    -
    $1,235,907
    $2,623,221
    $3,859,128

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    2001 Larkin Ave
    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
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