OneAmericanWay.com 1 American Way 8,445 SF 100% Leased Office Building Elgin, IL 60120 $997,000 ($118.06/SF)
INVESTMENT HIGHLIGHTS
- 2023 luxury remodeled
- Elevator building
EXECUTIVE SUMMARY
Freestanding 8,728 S.F. Office Space/Medical/Finance/Flex
This solid brick building, offers a prime location with 165 ft of frontage on Route 58 (Summit). The building features an elevator and was renovated in 2023 with luxury finishes, including imported Italian floors, modern lighting, and elegant wall treatments.
The property currently consists of four separate units: two lower-level units (approximately 2,000 S.F. ) and two upper-level units (each approximately 1,720 S.F.). These units can be combined to suit your needs, and each unit has its own individual utilities.
Common areas include ADA-approved washrooms on each level, ensuring accessibility for all. Ample parking is available for both staff and visitors. visit https://www.oneamericanway.com
unit 2W 3D tour
https://my.matterport.com/show/?m=256ibbvTMtg
unit 2E 3D tour
https://my.matterport.com/show/?m=TeK4VuhDcfL
unit 1E 3D tour
https://my.matterport.com/show/?m=8cbGp5vrW1g
This solid brick building, offers a prime location with 165 ft of frontage on Route 58 (Summit). The building features an elevator and was renovated in 2023 with luxury finishes, including imported Italian floors, modern lighting, and elegant wall treatments.
The property currently consists of four separate units: two lower-level units (approximately 2,000 S.F. ) and two upper-level units (each approximately 1,720 S.F.). These units can be combined to suit your needs, and each unit has its own individual utilities.
Common areas include ADA-approved washrooms on each level, ensuring accessibility for all. Ample parking is available for both staff and visitors. visit https://www.oneamericanway.com
unit 2W 3D tour
https://my.matterport.com/show/?m=256ibbvTMtg
unit 2E 3D tour
https://my.matterport.com/show/?m=TeK4VuhDcfL
unit 1E 3D tour
https://my.matterport.com/show/?m=8cbGp5vrW1g
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,445 SF
Building Class
C
Year Built/Renovated
1988/2023
Price
$997,000
Price Per SF
$118.06
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,223 SF
Building FAR
0.32
Lot Size
0.61 AC
Zoning
AB, Elgin
Parking
35 Spaces (4.14 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Signage
- Wheelchair Accessible
- Accent Lighting
- Central Heating
- DDA Compliant
- Recessed Lighting
- Drop Ceiling
1 of 5
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 06-07-302-066-0000 | Total Assessment | $195,762 (2024) |
| Land Assessment | $78,342 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $117,420 (2024) | Tax Year | 2023 Payable 2023 |
