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    Property profile & analytics
    OFF-MARKET Estimated value $2,300,000
    Commercial real estate

    1275 Spg St 91, South Elgin, IL 60177-2990

    12,082 SF 0.78 ac lot Built 1998
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US28-1392163
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Fortune's - Live Video Gaming Hotel & Motel Resort
    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
    Graiti Properties Se LLC · 2 yrs held
    Graiti Properties Se LLC
    since 2024
    Last sale
    $2.3M
    6 recorded transactions
    2024
    $2.3M
    2019
    2018
    2003
    1997
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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