1225 Spring StSouth Elgin, IL 60177

  • Other commercial real estate
  • 3,269 SF
For Lease
$28/SF/YR View listing

Property Details for 1225 Spring St

Year built
1998
Lot size
1.04 AC
Property size (Sq ft)
3,269 SF
Property type
Other commercial real estate
APN
06-34-154-003
APU
634154003

Description

This exceptional freestanding drive-thru restaurant building presents a unique investment opportunity. Situated at the high-traffic intersection of McLean Blvd and Spring St in Kane County, this single-story, 2nd generation restaurant boasts a prime location with excellent visibility. The property shares access with a hard corner Walgreens and an adjacent M/T retail center, ensuring high foot and vehicle traffic. Ample parking is available in front, on the sides, and in the rear lots. A significant advantage is the large monument signage, providing exceptional branding opportunities. The building also includes a full basement, ideal for storage or office space, adding versatility to the property. The strategic location places the building next to a Walgreens and across from a 7-Eleven and McDonald's, further enhancing its appeal and potential for success. The intersection is also home to a CVS and a Butera Market grocer, creating a vibrant and densely populated retail environment. This property is perfect for a quick-service restaurant or similar business seeking a high-visibility location with strong existing infrastructure. The drive-thru functionality caters to the modern consumer's preference for convenience and speed. This is a rare opportunity to acquire a well-positioned, established restaurant space in a thriving commercial area.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $675,617
    Hospitality
    $618,862
    Educational
    $514,886
    Medical
    $532,593
    Retail
    $800,933
1225 Spring St, South Elgin, Illinois
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Location Insight

City
South Elgin
County
Kane
State
Illinois
Latitude
41.9958
Longitude
-88.3175
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
$28,026
$188,610
$137,067
$325,677
-
$565,830
$411,201
$977,031

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