Elgin Professional Center

NEW PRICE

Elgin Professional Center

Affordable Area With Growing Population | Over Five Percent Since 2000


High Traffic Counts | Monument Signage
Easy Access To Commuter Trains | I90 | O'Hare International Airport
100 Percent Occupancy
No Outstanding CapX
24.9 Percent Vacancy In Like/Kind Buildings

1250 Larkin Avenue, Elgin, IL 60123

Request Offering Memorandum

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Market Summary

Price                                    $1,250,000

Cap Rate                             9.11%

NOI                                      $113,864

Rentable SF                        11,665 SF

Price per SF                        $107.16

Year Built                            1991

Lot Size                               0.47 Acres

Description

Marcus & Millichap is pleased to present 1250 Larkin Avenue in Elgin, Illinois. The property is an all-brick construction, 100 percent occupied multi-tenant office building. Built in 1991, the building has a long history of stable occupancy and excellent tenants. The investor for this property will be looking for stability and quality of the asset. All brick construction and a pitched shingled roof are two areas that will reduce maintenance costs over time.

The two-story property is an excellent choice for employers looking for social distancing. Employees can walk directly in from the parking lot to the first-floor suite and either take the stairs or elevator to the second floor or lower level. The building has wide hallways to accommodate social distancing guidelines.

Elgin offers exceptional opportunities that include cultural arts, entertainment, and recreation that are unmatched by surrounding suburbs. Located 38 miles northwest of Chicago and home to over 112,000 people, Elgin is proud of its diversity and culture. The growing city enjoys ready access to public transportation, diverse housing stock, and a mix of commercial establishments. Residents and visitors enjoy a thriving cultural arts community, world-class parks, and historical museums.