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303 Elgin Ave 15,585 SF Industrial Building Elgin, IL 60120 $1,450,000 ($93.04/SF)
Investment Highlights
- Equipped with 2,000 amps of 240V three-phase power for high-demand manufacturing.
- 2016 addition offers 16-foot clear ceilings and multiple oversized overhead doors.
- Includes gantry system with multiple hoists and cranes for heavy material handling.
- Ample parking with 40 spaces and expansion potential for loading and truck areas.
Executive Summary
This robust industrial facility in Elgin delivers an outstanding opportunity for businesses requiring heavy power and reliable infrastructure. With 2,000 amps of 240V three-phase power, the property is designed for heavy manufacturing and large-scale production uses. The main building, constructed of durable brick and block, includes three mezzanines adding over 1,200 SF of usable storage and workspace. A substantial addition built in 2016 provides 16-foot clear ceilings and dual overhead doors, enhancing operational flexibility for a wide range of manufacturing needs.
Property Facts
| Price | $1,450,000 | Rentable Building Area | 15,585 SF |
| Price Per SF | $93.04 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1953 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 0.91 AC | ||
| Zoning | CI - Commercial Industrial | ||
| Price | $1,450,000 |
| Price Per SF | $93.04 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.91 AC |
| Rentable Building Area | 15,585 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | CI - Commercial Industrial |
Amenities
- Floor Drains
- Mezzanine
- Security System
- Reception
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 06-24-377-005 | Improvements Assessment | $241,079 |
| Land Assessment | $43,816 | Total Assessment | $284,895 |
Property Taxes
Parcel Number
06-24-377-005
Land Assessment
$43,816
Improvements Assessment
$241,079
Total Assessment
$284,895
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303 Elgin Ave