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Financial
Distress signals
Property profile

640 Varsity Dr Elgin, IL 60120

FOR SALE
Auto shops
Property ID
US28-1985638
13,226 SF 2.36 ac lot Built 1972
Last sale Dec 2022 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$79k
Tax billed · 2022
Assessed value$284k
Assessed land$154k
Assessed improvement$130k
Effective rate27.97%

Value estimate

· Oct 2026
$1.34M
$1.21M – $1.47M
AI approach$1.32M
Submarket $/SF estimate$1.59M
NOI build-up
Gross scheduled income$262k
Vacancy & credit loss−$21k
Operating expenses−$72k
NOI · 6.47% cap applied$168k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$121/SF
County average, outlier-cleaned · 372 recorded sales of this use type
Observed band · Q1–Q3$53 – $217

Cap rate analysis

How does the asset earn?
6.47%
$168k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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.

JurisdictionCOOK

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 agency36.0
Law Firm25.7
Restaurant23.8

Location

640 Varsity Dr Elgin, IL 60120
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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

5 recorded sales · 16 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
849 Villa, Elgin, IL 60120-8001 $310,000 Jun 2025 No data
1200 Spaulding, Elgin, IL 60120-7316 $2,500,000 Mar 2025 No data
1020 Blf City, Elgin, IL 60120-7310 $520,000 May 2022 No data
346 Willard, Elgin, IL 60120-6811 $93,500 Nov 2019 No data
910 Chicago, Elgin, IL 60120-6821 $1,220,000 Aug 2019 2,400 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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