Property profile

1275 Spg St 91 South Elgin, IL 60177

OFF-MARKET
Commercial real estate
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Property ID
US28-1392163
12,082 SF 0.78 ac Built 1998
Last sale Jun 2024·$2,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional 1,300 square foot retail storefront is ideally situated at 1275 W Spring St, South Elgin, IL 60177, within a thriving retail center. The property boasts a prime location on busy Spring Street, benefiting from high visibility and significant daily traffic. Shared access with a Walgreens pharmacy ensures convenient access and shared customer flow. Ample parking is available in front, side, and rear lots, providing easy access for customers and employees. The property's…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$41k
Tax billed · 2022
Assessed value$472k
Assessed land$140k
Assessed improvement$332k
Effective rate8.61%

Value estimate

· Nov 2026
$2.30M
$2.07M – $2.53M
AI approach$2.30M
CAP approach$2.31M
Submarket $/SF estimate$1.89M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$198/SF
ZIP average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$102 – $311
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.9
Law Firm25.3
Dental Office16.5

Location

1275 Spg St, Unit 91 South Elgin, IL 60177-2990
County assessor Recorded deeds · 6 transfers 10 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1600 La Fox, South Elgin, IL 60177-1248 $800,000 Dec 2025 6,480 SF
465 Briargate, South Elgin, IL 60177-2225 $3,792,500 Jan 2025 8,216 SF
116 State, South Elgin, IL 60177-2049 $330,000 Jan 2025 4,460 SF
746 Spg, South Elgin, IL 60177-1424 $2,791,000 Dec 2024 18,984 SF
300 Randall, South Elgin, IL 60177-2261 $1,509,500 Dec 2024 4,420 SF
219 Kossuth, South Elgin, IL 60177-1111 $404,000 Apr 2024 4,992 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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