2205 Point Blvd Elgin, IL 60123
- Commercial real estate
- 62,316 SF
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
-
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