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375-395 E State Street

South Elgin, IL 60177
  • $670,000
  • STATUS: Active
  • ON SITE: 276 Days
  • MLS #: 12339546
UPDATED: 31 min ago
$670,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1955
County:
Area:

School Ratings & Info

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.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2026-01-18T17:12:21.967 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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375-395 E State Street South Elgin, IL 60177

  • Price: $670,000
  • Status: Active
  • On Site: 276 Days
  • Updated: 31 min ago
  • MLS #: 12339546
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1955
Built
Neighborhood:
Kane
County:
Kane
Area:
Kane
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.
Interior Features

Cooling Central Air Heat Ventilation Forced AirGasHot Water Number Of TLDocks 0

Property Features

Additional Parcels YN No Building Area Total 8880 Business Type Retail Electric Circuit BreakersSeparate MetersService - 0 to 100 AmpsService - 101 to 200 Amps Fire Protection Fire Extinguisher/s Leasable Area 8880 Mls Actual Status Active Net Operating Income 65240 Property Offered For Sale Only Tax Annual Amount 12837 Tax Year 2023 Type Retail/Stores

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Infiniti Realty & Development, Inc.: 630-782-9601.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2026-01-18T17:12:21.967 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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