Property profile

1225 Spg St South Elgin, IL 60177

OFF-MARKET
Commercial real estate
Property ID
US28-1341320
3,269 SF 1.04 ac lot Built 1998
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1998
Total area 3,269 SF
Lot 1.04 ac (45,302 SF)
APN 06-34-154-003
UPID US28-1341320

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

1225 Spg St South Elgin, IL 60177-2990
South Elgin metro Census 851907 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
$625k
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$900k

Owner & transaction history

since 2024
Last sale
$900,000
4 recorded transactions
2024
$900,000
2019
Price N/A
2018
Price N/A
1969
Price N/A

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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