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Fox Valley Medical Center 860 Summit St 40,674 SF Vacant Office Building Elgin, IL 60120 For Sale
INVESTMENT HIGHLIGHTS
- 35 high-quality apartment units
- Faster, more cost-efficient path to market compared to new construction
- Strong rental demand and connectivity to major roadways and transit
- Expansion potential
- Prime location near shopping, dining, schools, and employment hubs
EXECUTIVE SUMMARY
Cawley Commercial Real Estate is proud to present an exciting residential conversion opportunity in Elgin, Illinois. This former medical center offers 44,077 square feet on 3.20 acres, complete with 147 parking spaces - a rare advantage for multifamily redevelopment. The current plan calls for 35 apartment units thoughtfully designed across three sections of the building, with expansion potential in the fourth section for even greater density. Large floor plates, abundant natural light, and flexible layouts make the property well -suited for modern apartment living. Ideally located near shopping, dining, schools, and employment hubs, the site is positioned to capture strong rental demand. The generous parking ratio, existing infrastructure, and adaptable design provide a faster, more cost-efficient path to market compared to new construction. This is a unique chance to transform a well-located property into a vibrant residential community, offering investors and developers both immediate momentum and long-term upside.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
40,674 SF
Building Class
B
Year Built/Renovated
1977/2005
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
20,337 SF
Building FAR
0.31
Lot Size
3.05 AC
Zoning
PAB, Elgin
Parking
160 Spaces (3.93 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Controlled Access
- Signage
- Central Heating
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
1,000 - 40,674 SF available for lease.
1,000 - 40,674 SF available for lease.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,000-20,337 SF | Office | Partial Build-Out | Now |
| 2nd Floor | 1,000-20,337 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 1,000-20,337 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,000-20,337 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,000-20,337 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
1,000 - 40,674 SF available for lease.
2nd Floor
| Size | 1,000-20,337 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
1,000 - 40,674 SF available for lease.
1 1
PROPERTY TAXES
| Parcel Number | 06-07-302-078-0000 | Improvements Assessment | $130,279 |
| Land Assessment | $299,102 | Total Assessment | $429,381 |
PROPERTY TAXES
Parcel Number
06-07-302-078-0000
Land Assessment
$299,102
Improvements Assessment
$130,279
Total Assessment
$429,381
1 of 40
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Fox Valley Medical Center | 860 Summit St
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