$425,000
( $129.42Per Sq Foot )
 $2,281 est/mo Sourced by Back At You

23 Douglas Avenue , Elgin, IL 60120

Elgin, IL 60120

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Description

THIS IS A HANDSOME HISTORIC BRICK BUILDING IN DOWNTOWN ELGIN, SUITABLE FOR A MIX OF USES. FIRST FLOOR TOTALS 1642 SQ.FT, THE SECOND FLOOR IS APPROXIMATELY 1330 SQ/FT, PLUS THERE IS ANOTHER 1500 SQ.FT. IN A FULLY FINISHED BASEMENT, WHICH HAS A SEPARATE STREET ACCESS. THE SPACE IS CURRENTLY BUILT OUT AS A PROFESSIONAL OFFICE, BUT A MIX OF RETAIL, OFFICE, AND MAYBE RESIDENTIAL IS A POSSIBILITY. IT IS POSSIBLE TO MODIFY THE SECOND STORY FOR A TOTAL OF 1642 SQ.FT. TO ACCOMODATE MORE OFFICE/RETAIL SPACE OR FOR A RESIDENTIAL UNIT. THERE IS EXCELLENT VISIBILITY ON THE CORNER OF HIGHLAND AND DOUGLAS AVENUES, A HIGH-TRAFFIC AREA IN DOWNTOWN ELGIN. A SIZEABLE, FREE, CITY PARKING LOT IS LOCATED KIDDIE-CORNER TO THIS SITE. THE BUILDING HAS BEEN UPGRADED WITHIN THE LAST FOUR YEARS WITH A NEW ROOF, NEW WINDOWS, FURNACE, A/C, AND EXTERIOR PAINTING. THIS LOCATION COULDN'T BE ANY BETTER FOR A DOWNTOWN ADDRESS, AS IT IS IN THE CENTER OF EVERYTHING. CITY GRANTS ARE POSSIBLE FOR FACADE IMPROVEMENTS AND ADA ITEMS. MAKE SURE TO VIEW THE RENDERING PDF IN THE ADDITIONAL DOCUMENT PULL-DOWN MENU. IT SHOWS WHAT MIGHT BE POSSIBLE IF A NEW OWNER WANTS TO RESTORE THE EXTERIOR.

Details

MLS#11919596
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1920
Days On Site368
Listing Provided ByReal People Realty | Paul Bednar

Features

SQ Feet3,284
Story(s)2
Units2
ZoningCOMMR

Market Activity 60120

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Learn More About This Property

StateIL
CountyKane
CityElgin
Zip Code60120
AreaElgin
Listing VS Median (in 60120)
Price:
$425,000
low | high
Med:
$295,000
80.588352941176% of Average
SqFt:
3,284
low | high
Med:
1,666
99.284409257004% of Average
$ / SqFt:
$129
low | high
Med:
$178
12.290035768058% of Average
On Site:
368
low | high
Med:
39.500000
100% of Average
Sourced by Back At You
Listing Updated: October 30, 2024 at 1:34:04 PM PDT