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310 N La Fox Street - La Fox Plaza, South Elgin, IL

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310 N La Fox Street - La Fox Plaza

South Elgin, IL 60177-1647 - Far Northwest Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:2001
Building Size:6,000 SF Land Area:.53 AC (22,969 SF)
For Sale Price:$749,000 Price/SF:$124.83
Cap Rate:10.00 %
Parking:Free Surface spaces are available; Ratio of 7.16/1,000 SF
Features:Pylon Sign, Signage



Sale Notes:
6000 SQ/FT. (PLUS FULL BASEMENT) STRIP CENTER LOCATED ON RT. 31 (LAFOX ST.) IN SOUTH ELGIN. EASY ACCESS,GOOD VISIBILITY,LOTS OF TRAFFIC. SOUTH ELGIN'S U.S. POST OFFICE JUST RENEWED THEIR LEASE FOR 5 YEARS WITH A 5 YEAR OPTION. THE POST OFFICE HAS BEEN THERE FOR MANY YEARS, IS PROFITABLE AND LOCAL DEMOGRAPHICS SUPPORT IT. MIDDLE TENANT HAS BEEN A LIQUOR STORE SINCE 1977 WITH MANY LOYAL CUSTOMERS, THE FRONT SPACE IS FOR LEASE FOR $2000/MO.(RENT INCOME REFLECTS THIS AMOUNT). GAS,WATER AND ELECTRIC PASS THRU TO EACH TENANT WITH SEPARATE METERS. VACANT SPACE WAS ORIGINALLY BUILT AS 3 UNITS AND COULD BE AGAIN. THERE IS A 1000 GAL. GREASE TRAP ON THE PROPERTY.

RE/MAX Horizon
Gordon Gromer
(847) 931-7500




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