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85 Market St 6,326 SF 72% Leased Office Building Elgin, IL 60123 $425,000 ($67.18/SF)

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INVESTMENT HIGHLIGHTS

  • Layout: Split-level configuration offering flexible space options
  • Location: Centrally located off of Larkin Ave, with close proximity to Saint Joseph Hospital
  • Use Potential: Office, creative, wellness, or professional services

EXECUTIVE SUMMARY

This 6,326 SF split-level building presents a unique opportunity for an owner-user or investor. The current owner occupies 500 SF and will vacate at closing, leaving the property fully available. With several private office suites ready for lease, this is a turnkey opportunity to generate income or establish a business presence.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,326 SF
Building Class
C
Year Built/Renovated
1977/2000
Price
$425,000
Price Per SF
$67.18
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,326 SF
Building FAR
0.28
Lot Size
0.52 AC
Opportunity Zone
Yes
Parking
23 Spaces (3.64 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 1A
  • 1,232 SF
  • Office
  • Full Build-Out
  • Now

This 1,232 SF office space offers a clean, professional environment suitable for a variety of business uses. Located on the ground floor of a split-level building, it provides easy access and a straightforward layout ideal for teams, solo professionals, or service providers.

  • 1st Fl-Ste 2L
  • 544 SF
  • Office
  • Full Build-Out
  • Now

This 544 SF suite offers a quiet, professional setting ideal for small teams, consultants, or remote workers. Located on the upper level of a split-level building, the space features three private offices, providing flexibility and privacy for a range of business needs.

Space Size Space Use Condition Available
1st Fl-Ste 1A 1,232 SF Office Full Build-Out Now
1st Fl-Ste 2L 544 SF Office Full Build-Out Now

1st Fl-Ste 1A

Size
1,232 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 2L

Size
544 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 1A

Size 1,232 SF
Space Use Office
Condition Full Build-Out
Available Now

This 1,232 SF office space offers a clean, professional environment suitable for a variety of business uses. Located on the ground floor of a split-level building, it provides easy access and a straightforward layout ideal for teams, solo professionals, or service providers.

1st Fl-Ste 2L

Size 544 SF
Space Use Office
Condition Full Build-Out
Available Now

This 544 SF suite offers a quiet, professional setting ideal for small teams, consultants, or remote workers. Located on the upper level of a split-level building, the space features three private offices, providing flexibility and privacy for a range of business needs.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-15-304-030
Land Assessment
$46,979
Improvements Assessment
$182,761
Total Assessment
$229,740
  • Listing ID: 37381389

  • Date on Market: 8/22/2025

  • Last Updated:

  • Address: 85 Market St, Elgin, IL 60123

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