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Property profile & analytics

1881 Larkin Ave Elgin, IL 60123-5818

  • Commercial real estate
  • 10,500 SF
OFF-MARKET
Last Sale
Jun 02, 2023
$2,125,000
Value Estimations
$2,080,000
Show details
Cap Rate Potential
5.9%
Commercial real estate
Location Intelligence
Property ID
US28-2382928
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.

Current Use by Public Records

  • Nancy Navarro - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
  • UPS Access Point location / Shipping And Mailing Service / Mailing Service
  • Advance Auto Parts / Tool Rental Service / Truck Accessories Store
  • Fade Stars Elgin / Barber Shop
  • D.No The Barber / Barber Shop

Property Details for 1881 Larkin Ave

Year built
2004
Property size
10,500 SF
Property type
Commercial real estate
APN
06-16-477-033
APU
616477033

Description

This exceptional 1,000-square-foot retail end cap space presents a fantastic opportunity for a business seeking high visibility and strong foot traffic. Located on Larkin Avenue, this single-tenant property benefits from its prime position within a vibrant commercial area. The space is part of a retail center anchored by Advanced Auto Parts, ensuring consistent customer flow and brand recognition. Neighboring businesses include established and reputable companies such as State Farm and Fade Cuts Barber, creating a synergistic and attractive retail environment. The location boasts an impressive 17,000 vehicles per day (VPD), guaranteeing significant exposure to potential customers. Its proximity to key community institutions, including Larkin High School, Elgin Community College, and St. Joseph Hospital, further enhances its appeal and accessibility. The property includes convenient access to 52 total parking spaces, ensuring ample parking for both customers and employees. This Kane County property is classified as a traditional office space, suitable for a variety of retail businesses. The property is currently vacant and ready for immediate occupancy. This is an ideal location for a business seeking a high-traffic, well-established retail environment with strong community ties. The space offers excellent potential for growth and success.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,215,000
    ML approach
    $2,070,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,175,000
    6.5%
    $2,005,000
    7%
    $1,865,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,847,000
    Market price range: $869k - $4.02M
    AI Estimate
    $1,334,000
    Market price range: $445k - $1.83M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $1,485,000
    Current use
    APARTMENT HOUSE (5+ UNITS)
    $1,260,000
    Change: -15% Conversion: Moderate

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Elgin
County
Kane
State
Illinois
Longitude
-88.3236
Latitude
42.0326
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
$41,728
$74,827
$406,399
$481,226
-
$224,481
$1,219,197
$1,443,678
More about this property
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