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1516 Commerce Dr; Elgin, IL Property Details

1516 Commerce Dr, Elgin, IL is a General that was built in 1998. This property is currently a cash purchase and is not for sale. Our records show that 1516 Commerce Dr has a total of 168,802 square feet. The lot size of 1516 Commerce Dr is 247,623 square feet.

Off market
495 Airport Rd Elgin, IL 60123
$3,030,400 Estimated Value
168,802 SqFt
Property Type
General
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Corporate
  • Owner Status: Corporate
  • Year Built: 1998
  • Purchase Price: $4,000,000
  • Open Loans: 1
  • APN: 03-34-326-114
  • Situs County: Kane
  • Length Of Ownership: 15 years, 3 months

Structure

  • Stories: 8

Measurements

  • Total: 168,802/SqFt
  • Lot: 247,623/SqFt
  • Gross: 168,802/SqFt
  • Living: 168,802/SqFt
  • Building: 168,802/SqFt
  • Ground: 38,217/SqFt
  • Price Per Square Foot: $23.70

Legal Description

  • Description: PT OF LOTS 156 THRU 163 IN FOX RIVER BUSINESS CENTER 1ST ADD
Building Insights

Land Information

  • Property Type: General
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Community Unit School District 300
  • Lat / Lon: 42.072506 / -88.28928
  • Subdivision: Fox River Business Center 1st Add
  • Property Class: Commercial
  • County Use Code: 0060

Amenities

  • Plus Four: 9356
  • Cooling: Central

Ownership Info

495 Airport Rd has no associated ownership info
495 Airport Rd has no associated ownership info.

Taxes

495 Airport Rd has 10 associated Taxes items

1516 Commerce Dr, Elgin, IL pays taxes in Kane County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $3,030,400. The APN we've located for 1516 Commerce Dr is 03-34-326-114.

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Taxes
  • Assessed Value:  $3,030,400
  • Assessed Year:  2025
  • Assessed County:  Kane
  • APN:  03-34-326-114
  • Assessed Land Value:  478154
  • Market Land Value:  1435036
  • Tax Amount:  226886.9
  • Tax Year:  2025
  • Market Value:  9094838
  • Market Year:  2025

Tax History

495 Airport Rd has 13 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $3,030,400 Land Value $478,154 Improvement Value $2,552,246 Tax Amount $226,886.91 Change Rate Assessed CR Tax Rate +0.07487%
Year 2024 Assessed Value $2,967,425 Land Value $436,990 Improvement Value $2,530,435 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $3,310,564 Land Value $393,189 Improvement Value $2,917,375 Tax Amount $275,203.09 Change Rate +0.576497% Assessed CR Tax Rate +0.083129%
Year 2022 Assessed Value $2,065,552 Land Value $497,283 Improvement Value $1,568,269 Tax Amount $174,566.23 Change Rate +0.011668% Assessed CR Tax Rate +0.084513%
Year 2021 Assessed Value $1,950,290 Land Value $469,534 Improvement Value $1,480,756 Tax Amount $172,552.8 Change Rate -0.475082% Assessed CR Tax Rate +0.088475%
Year 2020 Assessed Value $3,676,978 Land Value $458,978 Improvement Value $3,218,000 Tax Amount $328,723.5 Change Rate +0.017479% Assessed CR Tax Rate +0.0894%
Year 2019 Assessed Value $3,490,581 Land Value $435,711 Improvement Value $3,054,870 Tax Amount $323,076.53 Change Rate +0.864676% Assessed CR Tax Rate +0.092557%
Year 2018 Assessed Value $1,813,965 Land Value $427,084 Improvement Value $1,386,881 Tax Amount $173,261.48 Change Rate -0.898421% Assessed CR Tax Rate +0.095515%
Year 2017 Assessed Value $1,696,880 Land Value $399,517 Improvement Value $1,297,363 Tax Amount $1,705,681.88 Change Rate +8.73242% Assessed CR Tax Rate +1.005187%
Year 2016 Assessed Value $1,642,990 Land Value $386,829 Improvement Value $1,256,161 Tax Amount $175,257.73 Change Rate Assessed CR Tax Rate +0.10667%
Year 2015 Assessed Value $1,539,533 Land Value $362,471 Improvement Value $1,177,062 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $1,220,931 Land Value $352,461 Improvement Value $868,470 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $841,564 Land Value $363,250 Improvement Value $478,314 Tax Amount Change Rate Assessed CR Tax Rate
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