2755 Spectrum Dr, Elgin, IL 60124 Property Records

Kane County property record for 2755 Spectrum Dr, Elgin, IL 60124 · Last verified August 2026

Property Summary

Property Type	General Industrial
Details	49,970 sqft · built 2001
Owner	Company Name on File
Last Sale	$3,900,000 (Apr 2021)
Tax Bill	$120,045 (2025)
Deeds & Mortgages	Jun 2020 Mortgage Aug 2021 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`03-19-376-027`

Property Details

APN / Parcel Number

Primary APN	`03-19-376-027`

Interior

Stories	1 Story
Building Area	49,970 sqft Gross Area
1st Floor Area	49,970 sqft

Exterior

Year Built	Built 2001
Effective Year Built	Effective 2001

Location & Zoning

Street Address	2755 SPECTRUM DR
City	ELGIN
State	IL
Zip	60124-7841
Property Category	Industrial
Property Type	Industrial > General Industrial
Legal Description	NORTHWEST BUSINESS PARK LOTS 29 THRU 35 AND THE E 5 FT OF LOT 36
Legal Subdivision	NORTHWEST BUSINESS PARK
Legal Block	2
Legal Lot Number	29-36
Jurisdiction	KANE IL
Township / Civil Division	DUNDEE
Census Block Group	2
Census Block	2010
Census Tract	850600

Owner

Source: Kane County records · APN 03-19-376-027

Assessment roll updated July 23, 2026 · Last verified August 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	2755 SPECTRUM DR, ELGIN, IL 60124-7841
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Jun 29, 2020	Deed of Trust, Mortgage · Commercial Mortgage WEST SUBURBAN BANK
Aug 02, 2021	Deed of Trust, Mortgage · SBA Mortgage SOMERCO 504 INC
Apr 01, 2021	Special Warranty Deed, Transfer · Commercial Mortgage AMERICAN COMMUNITY BANK & TRUST

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Apr 01, 2021 · Amount on Record
Deed Sale	Apr 01, 2021 · Amount on Record
Prior Sale	Dec 17, 2001 · Amount on Record
Deed Document Number	202125406
Record Updated	Sep 20, 2026

June 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	KANE IL
Property Address	2755 SPECTRUM DR, ELGIN, IL 60124-7841
Transaction Type	Mortgage
Record Updated	Sep 15, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000034593
Date	Jun 29, 2020
Instrument	2020K034593

Lender

Name	WEST SUBURBAN BANK
Type	Bank
Address	LOMBARD, IL 60148

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

August 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	KANE IL
Property Address	2755 SPECTRUM DR, ELGIN, IL 60124-7841
Transaction Type	Mortgage
Record Updated	Sep 15, 2022
Title Company	PREMIER TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000058869
Date	Aug 02, 2021
Instrument	2021K058869

Lender

Name	SOMERCO 504 INC
Type	Non-Lending Institution
Address	CHICAGO, IL 60605

Agreement

Type	SBA Mortgage
Amount	Amount Recorded

April 2021: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	KANE IL
Recording Date	Apr 01, 2021
Property Address	2755 SPECTRUM DR, ELGIN, IL 60124-7841
Document Number	0000025406
Map Reference	DOC 2001K004159
Instrument Date	Mar 23, 2021
Instrument	2021K025406
Transaction Type	Transfer
Record Updated	Sep 15, 2022
Title Company	CT

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$3,900.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	11801 ZENK CT, 11801, HUNTLEY, IL 60142-4501

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2755 SPECTRUM DR, ELGIN, IL 60124-7841

Mortgage

Document Number	0000025409
Date	Apr 01, 2021
Instrument	2021K025409

Lender

Name	AMERICAN COMMUNITY BANK & TRUST
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Mortgage

Document Number	0000025407
Date	Apr 01, 2021
Instrument	2021K025407

Lender

Name	AMERICAN COMMUNITY BANK
Type	Bank
Address	WOODSTOCK, IL 60098

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Kane County records · Assessment roll updated July 23, 2026 · Last verified August 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Kane County
County Subdivision	Dundee Township
Municipality	Elgin City
Unified School District	Community Unit School District 300 (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$120,045.00 (+3.82%)	$1,603,382 (+7.5%) Land $414,041 Building $1,189,341	$4,812,071 (+7.5%) Land $1,242,620 Building $3,569,451
2024	$115,629.00 (+6.02%)	$1,491,518 (+15.58%) Land $378,396 Building $1,113,122	$4,476,345 (+15.63%) Land $1,135,642 Building $3,340,702
2022	$109,061.00 (+1.17%)	$1,290,470 (+5.91%) Land $340,468 Building $950,002	$3,871,410 (+5.91%) Land $1,021,404 Building $2,850,006
2021	$107,803.00	$1,218,459 Land $321,469 Building $896,990	$3,655,377 Land $964,407 Building $2,690,970

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Kane County (17089C), updated October 8, 2026 · FEMA OpenFEMA NFIP redacted claims and policies, census block group 170898506002, refreshed September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Special Flood Hazard Area	No
Flood Hazard	Minimal
500-Year Floodplain	No
Flood Insurance Cost	Premium on Record median of 1 individual NFIP policies nearby
Nearby Flood Policies	1 in force 1 of 1 on primary residences
Nearby Flood Claims	2 (2013–2017)
Claims Outside the SFHA	2 of 2
Most Recent Claim	Jul 2017, other causes

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

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