2230 Point Blvd Elgin, IL 60123

Property Details for 2230 Point Blvd

Year built

2004

Property size

36,473 SF

Property type

Office Properties & Spaces

APN

03-29-351-027

APU

329351027

Description

This exceptional 36,472 square foot, single-story office building in Elgin, Illinois presents a compelling value-add investment opportunity. Located at 2230 Point Blvd, this Class B property boasts six units within a single building, currently 15% occupied by a KinderCare Learning Center. The property features ample parking (164 spaces, 4.5 per 1,000 sq ft), conveniently situated near I-90 and Randall Road, offering easy access to major transportation routes. The building, constructed in 2004, sits on a fee simple lot (APN: 0329351027) and is zoned for commercial use. This bank-owned foreclosure is offered at $2,200,000 ($60.32/sq ft) and includes a seller-financing option: a 30-year fixed mortgage carryback with 20% down. The property is sold "as is," with the buyer responsible for seller-side title expenses. No lender fees or appraisals are required for the seller financing. The property's strategic location near hotels, Pace bus routes, and the I-90 expressway, along with its proximity to Chicago (approximately one hour away), makes it an attractive proposition for various businesses, including medical offices, law firms, accounting firms, or chiropractic practices. The seller is also open to leasing the vacant units. This is a rare chance to acquire a well-located, income-generating property with significant upside potential.

Location Insight

City

Elgin

County

Kane

State

Illinois

Longitude

-88.3314

Latitude

42.0834

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments