New Listing
375-395 E State Street , South Elgin, IL 60177
South Elgin, IL 60177
Description
This well-maintained 4-unit mixed-use strip center presents an excellent investment opportunity with a strong mix of stable income and future upside. Located on a high-visibility corner lot totaling 13,743 square feet, the property features a two-story structure with 8,880 square feet of space. The ground floor includes three retail units, two of which are currently leased below market rent, while the third is leased near market rates. The second floor, configured for office use, is currently vacant, providing the potential for additional rental income or use by an owner-occupant. Ample on-site parking and strong frontage on a high-traffic corridor enhance the property's appeal for retail, office, or service-oriented businesses. With below-market leases, immediate leasing opportunities, and flexible use options, this asset is well-positioned for value growth and strong long-term returns.
Details
| MLS# | 12339546 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 3 |
| Listing Provided By | Infiniti Realty & Development, Inc. | Timothy Winkler |
Features
| SQ Feet | 8,880 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Acreage | 13743.00 |
Market Activity 60177
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Learn More About This Property
| State | IL |
|---|---|
| County | Kane |
| City | South Elgin |
| Zip Code | 60177 |
| Area | South Elgin |
| Listing VS Median (In 60177) | |
Price: $720,000 low | high Med: $399,450 SqFt: 8,880 low | high Med: 2,361 $ / SqFt: $81 low | high Med: $170 On site: 3 low | high Med: 333.500000 | |