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    Property profile & analytics
    OFF-MARKET Estimated value $900,000
    Commercial real estate

    1225 Spg St, South Elgin, IL 60177-2990

    3,269 SF 1.04 ac lot Built 1998
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US28-1341320
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Beef Villa Restaurant
    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
    Gariti Properties Spring St LLC · 2 yrs held
    Gariti Properties Spring St LLC
    since 2024
    Last sale
    $900,000
    4 recorded transactions
    2024
    $900,000
    2019
    2018
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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