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Hines Building 20 Douglas Ave 14,124 SF 100% Leased Office Building Elgin, IL 60120 $990,000 ($70.09/SF)
Executive Summary
Outstanding Brick 2 Story Building with 14000 SF on a corner lot in Downtown Elgin directly across from a large surface level free parking lot and City Hall. Currently being used as Office, but could easily be 4 separate retail uses and the 2nd floor could be converted to residential. The building is modernized and has newer roofs, HVAC, electrical and the exterior was recently painted.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
14,124 SF
Building Class
C
Year Built/Renovated
1881/2000
Price
$990,000
Price Per SF
$70.09
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
7,062 SF
Building FAR
2.32
Lot Size
0.14 AC
Zoning
CC1 - Center City zoning. Allows for a myriad of commercial and residential uses.
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Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06-14-283-019 | Improvements Assessment | $181,776 |
| Land Assessment | $48,750 | Total Assessment | $230,526 |
Property Taxes
Parcel Number
06-14-283-019
Land Assessment
$48,750
Improvements Assessment
$181,776
Total Assessment
$230,526
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Hines Building | 20 Douglas Ave
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