Entity Owned Property summary
This exceptional 27,443 square foot retail shopping center, located at 454 Redington Dr, South Elgin, IL 60177, presents a compelling value-add opportunity. The property, built in 2007, consists of two buildings—one single-story and one two-story—showcasing impressive masonry construction. Currently boasting 81.1% occupancy with a mix of tenants including orangetheory and pure barre, the center offers four available office suites on the second floor, presenting a significant opportunity to… increase net operating income (NOI). Costar Analytics data indicates that average South Elgin office rent is $22.00 per square foot, suggesting a potential NOI increase of approximately $127,712 upon lease-up of these vacant spaces. Furthermore, current average property rent is $18.48 per square foot, 16% below the South Elgin average of $22.00 per square foot (Source: Costar Analytics), offering significant upside potential. The property sits on an oversized 3.24-acre lot, providing ample surface parking with seven points of ingress/egress. Its strategic location benefits from high foot traffic, situated near major retailers such as Home Depot, Best Buy, Target, T.J. Maxx, LA Fitness, and Ross Dress for Less, generating over 4.4 million annual visitors in the immediate vicinity (Source: Placer.ai). This combination of below-market rents, significant lease-up potential, and a prime location makes this a truly exceptional investment opportunity.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 15 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 13,618 SF
- Lot area
- 1.39 ac
- Year built
- 2004
- Stories
- 1
- APN
- 09-05-278-012
- Assessed value · 2022
- $478,289
- Annual tax · 2022
- $41,782
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
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- Alternative use
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