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Financial
Distress signals
Property profile

465 Mclean Blvd Elgin, IL 60123

OFF-MARKET
Commercial real estate
Property ID
US28-2862606
2,780 SF 0.8 ac lot Built 1991
Last sale Jan 2014 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 3,175 square-foot Wendy's restaurant located at 465 S McLean Blvd, Elgin, IL 60123. The property sits on a 1.23-acre lot and boasts a strong sales history, reflected in a low rent-to-sales ratio. The absolute NNN lease features a 20-year primary term commencing upon closing, with four 5-year renewal options and 10% rent escalations every five years. The franchisee tenant operates 41 units and has a proven track record. Built in 1991 and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$18k
Tax billed · 2022
Assessed value$209k
Assessed land$118k
Assessed improvement$91k
Effective rate8.67%

Value estimate

· Oct 2026
$355k
$320k – $391k
AI approach$355k
CAP approach$530k
Submarket $/SF estimate$484k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$141/SF
ZIP average, outlier-cleaned · 124 recorded sales of this use type
Observed band · Q1–Q3$83 – $382
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency30.3
Law Firm20.2
Wholesale Shop19.6

Location

465 Mclean Blvd Elgin, IL 60123-7101
County assessor Recorded deeds · 2 transfers 13 qualifying comp sales Zoning catalog · not on file

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 nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1725 Larkin, Elgin, IL 60123-5946 $945,000 Dec 2025 2,806 SF
340 State, Elgin, IL 60123-7604 $380,000 Nov 2025 2,084 SF
1070 Larkin, Elgin, IL 60123-5295 $485,000 Oct 2025 5,440 SF
7 State, Elgin, IL 60123-6340 $200,000 May 2025 2,354 SF
2375 Bowes, Elgin, IL 60123-8500 $540,000 Dec 2024 2,945 SF
1126 Larkin, Elgin, IL 60123-5287 $200,000 Oct 2024 1,657 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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