303 Main StSt. Charles, IL 60174

Property Details for 303 Main St

Year built

1972

Lot size

0.20 AC

Property size (Sq ft)

4,503 SF

Property type

Office properties

APN

09-27-464-008

APU

927464008

Description

This beautifully renovated, two-story office building (11,939 total square feet) in historic downtown St. Charles, IL offers flexible office suites perfect for a variety of businesses. Built in 1906 and renovated in 2014, the building boasts charming historic features including tall ceilings, skylights, exposed brick, hardwood floors, and built-in bookcases. Units range from 1,668 to 3,624 contiguous square feet, with the option to combine spaces to meet specific tenant needs. Suite 201 is move-in ready, with furniture available. Suite 209 is a large open space ideal for various uses. The building features one elevator and is conveniently located at a signaled intersection on Main Street (Rt. 64), a major east/west thoroughfare. It's just two blocks from the Fox River, Hotel Baker, and the First Street redevelopment area, offering easy access to restaurants and shopping. A private parking lot (12 spaces) is located nearby, supplemented by ample public and street parking. The building's ground floor houses established businesses, including Rocket Fizz and Pho Ly Vietnamese Restaurant. This property is situated in a thriving area with a strong demographic profile: within a 5-mile radius, the population is 109,000, with an average household income of $173,000. The zoning is CBD1. The property's APN is 09.27.363.002, 09.34.104.004. Tenant lease incentives are available.

• CAP approach

  CAP return

  Valuation

  6%

  $813,070

  6.5%

  $750,526

  7%

  $696,917

• Comparable approach

  Method

  Valuation

  Relative Method

  $457,159

  Geo Method

  $586,516

• Alternative Use

  Use

  Valuation

  Residential

  $930,653

  Hospitality

  $852,473

  Educational

  $709,247

  Medical

  $733,639

  Retail

  $1,103,274

Location Insight

City

St Charles

County

Kane

State

Illinois

Latitude

41.9139

Longitude

-88.3102

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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