23 Douglas Ave 3,284 SF 100% Leased Retail Building Elgin, IL 60120 $375,000 ($114.19/SF)
INVESTMENT HIGHLIGHTS
- New Roof, windows, furnace, A/C and exterior painting added within the last four years
- Sizeable, free, city parking lot, located kiddie-corner to the site
- Excellent visibility on the corner of Highland & Douglas Avenue
EXECUTIVE SUMMARY
Handsome historic brick building in downtown Elgin, suitable for a variety of uses. Two floors total 3,284 SF, plus another 1,500 SF in a fully finished basement, which has separate street access. Space is currently built out as a professional office but can be a mix of retail and residential.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,284 SF
Building Class
B
Year Built
1920
Price
$375,000
Price Per SF
$114.19
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.96
Lot Size
0.04 AC
Zoning
CC1 - Center City Zoning
Frontage
25’ on Douglas
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Air Conditioning
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-14-284-017 | Improvements Assessment | $77,555 |
| Land Assessment | $15,231 | Total Assessment | $92,786 |
