Your email has been sent.
223 Dundee Ave 1,400 SF of Retail Space Available in Elgin, IL 60120
Highlights
- CC2 – Center City 2 Zoning
- Prominent Dundee Avenue / Park Street location
- Adjacent to Elgin Academy
- 1,400 SF existing building
- Established commercial corridor
- Flexible commercial-oriented zoning environment
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,400 SF | 14’ | Negotiable | $24.00 /SF/YR $2.00 /SF/MO $33,600 /YR $2,800 /MO | Modified Gross |
1st Floor
223 Dundee Avenue is a 1,400 SF freestanding building on a signalized corner of Dundee Avenue in Elgin, roughly 30,000 vehicles a day between Dundee and Kimball. Built in 2005, it carries a colonnaded storefront and a rounded masonry rotunda entry - architectural identity almost never available at this size, and something no inline bay can offer a tenant trying to build a local brand. Inside, the space is delivered second generation rather than as a shell. Porcelain tile runs throughout, over a 2x2 acoustical grid ceiling with recessed lighting. A finished reception feature wall anchors the room, and the kitchenette, ADA restroom and utility room with mop sink are already in place. The selling floor is open with no interior columns and glazing on three elevations; two enclosed rooms, a hall and a rear service door sit at the west end, out of the customer's sightline. A tenant can open here on a fraction of the usual TI budget and timeline. Seven dedicated surface spaces sit at the door, a 5.00/1,000 ratio, with 46 shared stalls circulating through the adjoining Premier Center - a 100% leased strip anchored by America's Best Contacts & Eyeglasses and Domino's Pizza. Pylon and storefront signage face the intersection. The trade area holds 23,787 residents within one mile and 97,352 within three, with 8,384 daytime employees inside the first mile and the Elgin Metra station six-tenths of a mile away. Offered at $2,800 per month base ($2.00/SF/mo) plus a tax pass-through of $915 per month, for $3,715 per month all in.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Corner Space
- High Ceilings
- Finished Ceilings: 14’
- Hard signalized corner Dundee Avenue at Kimball St
- Move in ready
- Freestabding building with parking
- Anchored by America’s Best & Domino's Pizza
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Select Tenants at 223 Dundee Ave, Elgin, IL 60120
- Tenant
- Description
- US Locations
- Reach
- America's Best Eyeglasses
- Professional, Scientific, and Technical Services
- -
- -
- Domino’s
- Pizza
- 7,948
- International
- Fred Loya Insurance Agency, Inc.
- Insurance
- 652
- National
| Tenant | Description | US Locations | Reach |
| America's Best Eyeglasses | Professional, Scientific, and Technical Services | - | - |
| Domino’s | Pizza | 7,948 | International |
| Fred Loya Insurance Agency, Inc. | Insurance | 652 | National |
Property Facts
| Total Space Available | 1,400 SF | Total Land Area | 0.19 AC |
| Property Type | Retail | Year Built | 2005 |
| Property Subtype | Freestanding | Parking Ratio | 4.66/1,000 SF |
| Gross Leasable Area | 1,500 SF |
| Total Space Available | 1,400 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 1,500 SF |
| Total Land Area | 0.19 AC |
| Year Built | 2005 |
| Parking Ratio | 4.66/1,000 SF |
About the Property
Prime Center-City Commercial Opportunity | 223 Dundee Avenue, Elgin, IL Rare opportunity to acquire or lease a strategically located commercial property at 223 Dundee Avenue in Elgin, prominently positioned at the intersection of Dundee Avenue and Park Street. The property is situated within an established commercial corridor on the edge of Elgin's traditional downtown area, offering excellent visibility and convenient access to surrounding residential, commercial, educational and institutional uses. The property is located within CC2 – Center City 2 zoning, a designation intended to support a diverse mix of finance, service, retail, office, civic and cultural uses, along with complementary hospitality, entertainment and residential uses. The CC2 district is specifically designed to encourage a vibrant, mixed-use center-city environment while maintaining a pedestrian-oriented character and appropriate transition to surrounding residential neighborhoods. The site benefits from its position along Dundee Avenue, one of Elgin's established commercial corridors, with the City identifying the area as Corridor Commercial in its Comprehensive Plan. Corridor Commercial areas are intended to serve both local and regional consumers and accommodate a broad range of retail and service-oriented businesses. The property is surrounded by a mix of commercial, retail, service, restaurant and residential uses. Elgin Academy is located immediately to the north and east, while additional commercial uses are located along Dundee Avenue and residential neighborhoods extend south toward the surrounding center-city area. According to City records, the existing 1,300-square-foot building at 223 Dundee Avenue was constructed in 1999. The broader property has historically accommodated a variety of commercial uses, including a retail bakery, retail food store and carry-out restaurant, demonstrating the site's suitability for consumer-oriented and service uses. 223 Dundee Avenue presents an attractive opportunity for an owner-user, investor or business seeking a highly visible location within Elgin's established center-city area. Its CC2 zoning, prominent Dundee Avenue frontage, proximity to Downtown Elgin and surrounding mix of commercial and residential uses make the property well positioned for continued commercial use and potential repositioning. Buyer/tenant to independently verify permitted uses, zoning requirements, dimensions, parking, building information and all other property information with the City of Elgin and appropriate governmental authorities. CC2 – Center City 2 Zoning 1,400 SF existing building Prominent Dundee Avenue / Park Street location Established commercial corridor Adjacent to Elgin Academy Near Downtown Elgin Flexible commercial-oriented zoning environment Suitable for a variety of retail, office and service concepts, subject to applicable approvals Strong owner-user or investment opportunity Surrounded by established residential and commercial uses Excellent opportunity for repositioning or continued commercial occupancy
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Nearby Major Retailers
Contact the Leasing Agent
223 Dundee Ave