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Property profile & analytics

85 Market St Elgin, IL 60123

  • Commercial real estate
  • 6,326 SF
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-1976965
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.

Current Use by Public Records

  • Compton Law Group / Law Firm
  • James Young Law / Law Firm / Financial Advisor
  • Brighter Side Counseling LLC / Crisis Center / Medical Clinic
  • Flanagan Patrick / Law Firm
  • Liam Dixon Law Offices / Law Firm

Property Details for 85 Market St

Year built
1977
Property size
6,326 SF
Property type
Commercial real estate
APN
06-15-304-030
APU
615304030

Description

This exceptional 6,326 square foot office building, situated on a half-acre lot at 85 Market Street in Elgin, IL, presents a unique investment opportunity. Previously occupied by the prominent law firm of Brittain & Ketcham, this well-established building boasts a prime location in a bustling commercial area on Elgin's West Side. The property features a secure air-lock entry system, ensuring the safety and privacy of tenants and visitors. Public restrooms are conveniently located for shared use, while a private restroom is available within one of the first-floor offices. Three of the four rentable office spaces include dedicated receptionist areas, enhancing operational efficiency. The building also offers the convenience of conference rooms on both the first and second floors, ideal for meetings and presentations. Ample parking is available on-site, addressing the parking needs of both employees and clients. The building's excellent visibility from Market Street ensures high exposure and brand recognition for any business. This property is ready for immediate occupancy and offers a rare chance to acquire a well-maintained, established office building in a highly desirable location. The building's history as a successful law firm office speaks to its suitability for a variety of professional uses. The combination of prime location, ample space, and desirable features makes this an exceptional opportunity for a discerning buyer.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $726,000
    Market price range: $524k - $2.42M
    AI Estimate
    $524,000
    Market price range: $268k - $1.10M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $895,000
    Current use
    APARTMENT HOUSE (5+ UNITS)
    $760,000
    Change: -15% Conversion: Moderate

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Location Insight

  • Map
  • Local Demand
City
Elgin
County
Kane
State
Illinois
Longitude
-88.3203
Latitude
42.0357
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
$16,410
$38,700
$150,553
$189,253
-
$116,100
$451,659
$567,759
More about this property
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