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375-395 E State Street South Elgin, IL 60177

$670,000
Active / MLS# 12339546 / Commercial - Retail / South Elgin
0 Beds
8880 SqFt

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.

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Baird & Warner Jeffrey Schwartz Email

Property Details

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.32 Acres
Stories: 2.0
Taxes: $12,837
Year Built: 1955

Feature Descriptions

Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps, Service - 101 to 200 Amps
Fire Protection: Fire Extinguisher/s
HVAC: Forced Air, Gas, Hot Water
Lot Dimensions: 13743
Parcel#: 0635262002
Units: 4

Location

See details and scored characteristics about this location.

Listing Office: Infiniti Realty & Development, Inc.

Listing Office Phone: 630-782-9601



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