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    605 Church Rd, Unit 617 Elgin, IL 60123-9307
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    Property profile & analytics

    605 Church Rd, Unit 617 Elgin, IL 60123-9307


    • Industrial properties
    • 32,000 SF
    Off-Market
    Last Sale May 23, 2024
    $2,625,000
    Property ID
    US28-2378651
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,625,000
    Show details
    Cap Rate Potential
    5.2%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Central Furnace Supply Co / Construction Company / General Contractor

    Property Details for 605 Church Rd

    Year built
    1980
    Property size
    32,000 SF
    Property type
    Industrial properties
    APN
    03-34-303-002
    APU
    334303002

    Description

    This exceptional industrial warehouse property, located at 605 Church Rd in Elgin, IL, 60123, offers a total of 32,496 square feet of space across three separate suites. The building, constructed in 1979, sits on a generous 1.61 acres of land within the desirable Elgin I-90 submarket. Currently, there is 7,936 square feet of vacant space available, presenting a significant opportunity for immediate occupancy. The warehouse boasts a substantial 20-foot ceiling height, ideal for various industrial uses and efficient storage. The property's multi-tenant configuration provides flexibility for businesses of varying sizes. Its strategic location in the Elgin I-90 submarket offers excellent access to major transportation routes, enhancing logistics and distribution capabilities. This property is well-suited for a variety of industrial tenants seeking a functional and conveniently located warehouse space in the thriving Elgin market. The available space offers a chance to establish or expand operations in a prime industrial location. Serious inquiries are encouraged.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,625,000
      ML approach
      $2,625,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,295,000
      6.5%
      $2,120,000
      7%
      $1,970,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,888,000
      Market price range: $1.89M - $2.94M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,370,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,840,000
      Change: +62% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.2942
    Latitude
    42.073
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $43,633
    $64,793
    $434,656
    $499,449
    -
    $194,379
    $1,303,968
    $1,498,347
    More about this property
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