2250 Point Blvd Elgin, IL 60123
- Office Properties & Spaces
Current Use by Public Records
- Summer L Cain - Aflac Insurance Agent / Insurance Agency / Insurance Company
- Tri-County Claims Service, Inc. / Small Claims Assistance Service
- Prevost Parts / Travel Agency / Manufacturer
- First American Title Insurance Company / Title Company / Escrow Service
- Big Timber Wealth Management / Financial Planner
Property Details for 2250 Point Blvd
- Property type
- Office Properties & Spaces
- APN
- 03-29-351-028
- APU
- 329351028
Description
This exceptional Class A office building, located at 2250 Point Blvd in Elgin, Illinois, offers a prime opportunity for businesses seeking flexible and modern workspace. The four-story building, constructed in 1999, boasts a total of 81,421 square feet, with a significant 55,201 square feet currently vacant. Situated at the strategic intersection of Interstate 90 and Randall Road in Kane County, this location provides unparalleled accessibility and visibility. The property offers various suite sizes to accommodate diverse business needs, ranging from a minimum of 791 square feet to a maximum contiguous space of 22,383 square feet. Larger tenants may lease up to 45,000 square feet. On-site amenities include a convenient conference facility, and building signage opportunities are also available. The asking rent is $19.00 per square foot, modified gross. This property presents a rare chance to secure high-quality office space in a thriving location with excellent access to major transportation routes. The zip code is 60123.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,230,000
- 6.5%
- $1,970,000
- 7%
- $2,335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,325,000
- Geo Method
- $2,330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,600,000
- Retail
- $2,035,000
- Mixed-Use
- $2,320,000
- Hospitality
- $2,490,000
- Educational
- $2,525,000
- Residential Income
- $2,225,000
- Energy
- $2,385,000
- Income-Based Land
- $2,030,000
- Food Service
- $2,270,000
Location Insight
- Map
- Local Demand
- City
- Elgin
- County
- Kane
- State
- Illinois
- Longitude
- -88.3321
- Latitude
- 42.0825
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
