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Property profile & analytics

2205 Point Blvd Elgin, IL 60123

  • Commercial real estate
  • 62,316 SF
Value Estimation
$1,290,000
Last Sale
Jun 26, 2020
$1,125,000
Location Intelligence
Property ID
US28-3309771
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

  • HealthWare Systems / Software Company / Association / Organization
  • Law Offices of Lauren E. Jackson / Real Estate Attorney / Estate Planning Attorney
  • AssuredPartners / Insurance Agency / Insurance Broker
  • lakewood commons / Apartment Building
  • Klein Law Group, P.C. / Criminal Justice Attorney / Divorce Lawyer

Property Details for 2205 Point Blvd

Year built
2001
Property size
62,316 SF
Property type
Commercial real estate
APN
03-32-102-005
APU
332102005

Description

This exceptional Class A office building, located at 2205 Point Blvd in Elgin, IL, offers 60,000 square feet of versatile space, ideal for executive, medical, creative, or traditional office uses. The property boasts a prime location at the I-90 and Randall Rd interchange, providing unparalleled access and visibility. With 5 suites available, ranging from 1,200 to 8,000 contiguous square feet, this building caters to businesses of all sizes. Currently, 13,576 square feet are vacant and immediately available. Amenities include 306 parking spaces, high-speed internet access, EV charging stations, and a dedicated digital billboard on US 90, boasting visibility to over 100,000 vehicles daily. The two-story building, constructed in 2001, features one elevator, heavy power, and Class A finishes. Its proximity to the Pace Bus Terminal, Advocate Sherman Hospital, and the Metra Big Timber Train Station, along with nearby restaurants and hotels, enhances its appeal. The property sits on 4.49 acres of land and is zoned ORI. Property taxes are $2.40 per square foot. This is a rare opportunity to secure a prestigious office space in a thriving, affordable Kane County location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $1,410,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,160,000
    6.5%
    $1,075,000
    7%
    $1,155,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,090,000
    Geo Method
    $1,060,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,000,000
    Retail
    $1,095,000
    Mixed-Use
    $1,180,000
    Hospitality
    $1,140,000
    Educational
    $1,140,000
    Residential Income
    $1,205,000
    Energy
    $960,000
    Income-Based Land
    $1,145,000
    Food Service
    $1,065,000

Location Insight

  • Map
  • Local Demand
City
Elgin
County
Kane
State
Illinois
Longitude
-88.3311
Latitude
42.0799
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
$141,241
$812,877
$801,640
$1,614,517
-
$2,438,631
$2,404,920
$4,843,551
More about this property
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