Professional Office Building

415 S Main St Elburn, IL 60119

415 S Main St, Elburn, IL, 60119
415 S Main St, Elburn, IL, 60119 415 S Main St, Elburn, IL, 60119 415 S Main St, Elburn, IL, 60119 415 S Main St, Elburn, IL, 60119 415 S Main St, Elburn, IL, 60119 415 S Main St, Elburn, IL, 60119 415 S Main St, Elburn, IL, 60119 415 S Main St, Elburn, IL, 60119 415 S Main St, Elburn, IL, 60119 415 S Main St, Elburn, IL, 60119 415 S Main St, Elburn, IL, 60119
FOR SALE
Property Type:
Single Tenant Office
Amount:
$600,000
Last Verified:
Dec 10, 2024

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Highlights

  • Freestanding masonry building
  • Prominent corner location
  • Currently a law office
  • Dramatic 2017 renovations
  • High end interior finishes
  • ATM drive-thru leased to 5/3 Bank

Description

Freestanding, 2,579 sf commercial building on prominent corner lot with mature trees. Former bank branch. Currently a law office. 1995 masonry construction. Dramatic, full interior renovation in 2017 with high-end finishes. Mix of private offices & conference rooms. Includes plenty of storage, all new electric, and updated fire system.

Furniture & equipment is negotiable. Potential to expand building by enclosing two covered drive-thru lanes. 5/3 Bank leases outer drive-thru for ATM. Private parking lot. 2023 Taxes: $15,341. PIN: 11-​05-​301-​001

On Main St (Rt 47), on the south side of downtown Elburn. Located on a prominent corner at South St. Near Bob Jass Chevrolet and Ream's Meat Market. 10 minutes west of Randall Rd in Geneva. 1.0 mile south of IL Rt 38. 0.5 mile north of Keslinger Rd.

Demographics (10 mi): Population - 176,750. Avg household income: $170,000.


Year Built: 1995
Building Size: 2579sq ft
Building Class: A
Lot Size: 0.59 acres


Documents

415 S Main St Sale Brochure - 09.04.24

Map of 415 S Main St, Elburn, IL, 60119

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.