415 Main St, Elburn, IL 60119-9186
This exceptional Class A, 2,579 square-foot executive office building presents a unique owner-user opportunity in the thriving town of Elburn, Illinois. Situated on a prominent corner lot (.59 acres) at 415 S Main St (Rt 47), this freestanding masonry building boasts a dramatic 2017 renovation, showcasing high-end interior finishes. The single-story structure, built in 1995, offers a blend of private offices and conference rooms, along with ample storage space. All electrical systems and the fire suppression system have been updated. The property includes a private parking lot and benefits from a leased ATM drive-thru (5/3 Bank), offering additional income potential. Furniture and equipment are negotiable. The building's B-1 zoning allows for flexibility, and there's potential for expansion by enclosing two existing covered drive-thru lanes. The property's prime location near major roadways (IL Rt 38, Randall Rd) and local businesses (Bob Jass Chevrolet, Ream's Meat Market) ensures high visibility and accessibility. 2023 property taxes were $15,341. The property's PIN is 11-05-301-001. This is an ideal investment for a discerning business seeking a sophisticated and well-maintained office space in a strong market with a population of 176,750 within a 10-mile radius and an average household income of $170,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.