375-395 E State ST South Elgin, IL 60177

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 8,880 sqft

Price per Sqft $78

MLS Listing ID 12339546

Year Built 1955

Annual Tax Amount $12,837

Tax Year 2023

Lot Dimensions 13743

Property Sub-Type Retail/Stores

Property 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.

Location

State IL

County Kane

Area South Elgin

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Level or Stories 2

Listed by Timothy Winkler • Infiniti Realty & Development, Inc.

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106