1275 Spg St, Unit 91 South Elgin, IL 60177-2990
Property profile & analytics
1275 Spg St, Unit 91 South Elgin, IL 60177-2990
- Commercial real estate
- 12,082 SF
- 0.78 lot acres
Property ID
US28-1392163
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Fortune's - Live Video Gaming / Hotel & Motel / Resort
Property Details for 1275 Spg St
- Year built
- 1998
- Lot size
- 0.78 lot acres
- Property size
- 12,082 SF
- Property type
- Commercial real estate
- APN
- 06-34-154-002
- APU
- 634154002
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,300,000
- ML approach
- $2,300,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,500,000
- 6.5%
- $2,310,000
- 7%
- $2,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,890,000
Market price range: $1.24M - $3.76M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,385,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $2,325,000 Change: -3% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Elgin
- County
- Kane
- State
- Illinois
- Longitude
- -88.318
- Latitude
- 41.9958
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$40,643
$140,111
$332,188
$472,299
-
$420,333
$996,564
$1,416,897
