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Property profile & analytics
OFF-MARKET Estimated value $1,015,000
Retail space

1015 Smt St Elgin, IL 60120-4362

2.24 ac lot Built 1985
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US28-1288276
Property summary
AI-generated overview

This exceptional two-story office building, totaling 11,288 square feet, is ideally situated in the heart of Elgin, Illinois, at 1015 Summit St, zip code 60120. Constructed in 1985, the property offers multiple tenancy options, catering to a variety of office needs, including medical, executive, and traditional office uses. The building boasts excellent visibility thanks to its prominent location and monument signage facing Summit Street. Available suites feature convenient in-suite restrooms and the benefit of direct suite entrances. The existing layouts are particularly well-suited for medical and healthcare practices, offering a seamless transition for tenants. This property presents a unique opportunity for businesses seeking a well-maintained, strategically located office space in a thriving Illinois community. The building's central Elgin location provides easy access to surrounding areas, making it an attractive option for both employees and clients. Interested parties are encouraged to inquire about available suite sizes and lease terms. The property is ready for immediate occupancy.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1985
Lot 2.24 ac (97,574 SF)
APN 06-07-302-064
UPID US28-1288276
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Joseph Delorier Physician
  • Laura A. Jansons, PsyD Medical Clinic
  • Judith Short Physician
  • Joseph Pacer Physician
  • Davis Jennifer K Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.02M
Owner & transaction history
1015 Summit Buildingllc · 8 yrs held
1015 Summit Buildingllc
since 2018
Last sale
$1.0M
7 recorded transactions
2018
Price N/A
2002
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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