Property profile

1275 Spg St 91 South Elgin, IL 60177

OFF-MARKET
Commercial real estate
Property ID
US28-1392163
12,082 SF 0.78 ac lot Built 1998
Entity Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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 strategic location at the intersection of McLean Boulevard and Spring Street, a high-traffic area with 31,000 combined daily vehicles, guarantees maximum exposure. This synergistic co-tenancy offers a differentiated retail experience, with neighboring businesses including Walgreens, 7-Eleven, McDonald's, CVS, and Butera Market, creating a strong retail cluster and attracting a diverse customer base. The building is constructed of brick, offering a durable and attractive exterior. This retail space presents a unique opportunity for businesses seeking high visibility and a strong customer base in a bustling South Elgin location. The property is categorized as a multiple-tenancy storefront in Kane County, Illinois.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1998
Total area 12,082 SF
Lot 0.78 ac (33,977 SF)
APN 06-34-154-002
UPID US28-1392163

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
  • Hotel & Motel Resort

Location

1275 Spg St, Unit 91 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
$2.30M
CAP Approach CAP
$2.31M
Comparable Approach Comparable
$1.89M
Blend (final) Blend
$2.30M

Owner & transaction history

since 2024
Last sale
$2.3M
6 recorded transactions
2024
$2.3M
2019
Price N/A
2018
Price N/A
2003
Price N/A
1997
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1275 Spg St, Unit 91?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message