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Property profile

1215 Bowes Rd 1225 Elgin, IL 60123

OFF-MARKET
Industrial properties
Property ID
US28-1596776
View Sample
49,000 SF 3.23 ac lot Built 1998
Entity Owned ~ Est. High Equity

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1998
Total area 49,000 SF
Lot 3.23 ac (140,699 SF)
APN 06-27-401-009
UPID US28-1596776

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.25M
Comparable Approach Comparable
$4.11M
Blend (final) Blend
$725k

Owner & transaction history

since 2026
Last sale
$4.5M
7 recorded transactions
2026
$4.5M
2018
Price N/A
2017
Price N/A
2017
Price N/A
2017
$3.5M
2015
$3.1M
2007
$3.3M

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $5.9M +61.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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