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400 Airport Rd 444 Elgin, IL 60123-9368

OFF-MARKET Commercial real estate Google Maps
80,160 SF
Individually Owned ~ Est. High Equity
Estimated value (blended)
$725k
Range $653k – $798k (±10%)
Property ID US28-2731780

Property summary

AI-generated overview

This exceptional 17,200-square-foot industrial property, located at 400 D Airport Rd in the North Kane/I-90 submarket, presents a highly versatile space ideal for manufacturing, warehousing, flex, or R&D operations. Built in 1985 and extensively renovated in 2015, this single-story building boasts a range of desirable features. The high ceilings, ranging from 17 to 20 feet, provide ample vertical space for various uses. Two convenient drive-in doors facilitate efficient loading and unloading, complemented by ample parking for staff and visitors. The property's robust electrical system includes 400 amps of 480V 3-phase power. The floor plan includes strategically placed floor drains equipped with triple catch basins, ensuring superior drainage and cleanliness. Oversized dock-high doors, measuring 14' x 16', further enhance operational efficiency. The property's zoning is PAB (Planned Area Business), offering flexibility for a variety of business types. Its prime location offers easy access to I-90 via a full interchange, providing excellent visibility and convenient transportation links. Benefit from the low Kane County taxes and the high visibility afforded by I-90 exposure. This property offers a unique blend of functionality, accessibility, and cost-effectiveness, making it an attractive investment opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 80,160 SF
APN 03-34-327-003
UPID US28-2731780

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
  • Industrial Manufacturer Production Facility
  • Auto Repair Shop
  • General Contractor
  • Shopping Center & Mall

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$725k

Owner & transaction history

since 2025
Last sale
$15.4M
7 recorded transactions
2025
$15.4M
2021
Price N/A
2019
Price N/A
2017
Price N/A
2006
Price N/A
2005
Price N/A
2004
$5.4M

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
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