For Sale
Elgin, IL
Commercial Real Estate Market Trends & Data
$192
Avg asking sale price
$5,164
Avg asking lease rate
24,386 SF
Avg unit lease size
30,756 SF
Avg building size for sale
7.70%
Average cap rate
Elgin's Demographic Profile
Elgin has 38,821 households and a median income of $86,005, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 114,676 |
| # Households | 38,821 |
| Median age | 38 |
| Median household income | $86,005 |
| Avg household size | 3.0 |
| Renter-occupied housing units | 12,339 |
| 5-year population change | -1% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Elgin, IL
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Elgin | $163 | 12,058 SF | 10.00% |
| South Elgin | $216 | 2,563 SF | 10.00% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Elgin | $225 | 8,970 SF |
| South Elgin | $277 | 5,045 SF |
| West Dundee | $335 | 3,809 SF |
| Dundee | $333 | 4,558 SF |
| East Dundee | $238 | 3,801 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Crystal Lake | $283 | 17,920 SF | 6.27% |
| Palatine | $288 | 66,069 SF | 5.73% |
| Wheaton | $169 | 17,257 SF | 6.44% |
Commercial Properties For Sale in Elgin
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Size For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Elgin pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Elgin | $192 | 30,756 SF |
| South Elgin | $175 | 13,483 SF |
| Sleepy Hollow | $245 | 9,656 SF |
| West Dundee | $275 | 30,577 SF |
| Dundee | $235 | 34,065 SF |
Regional Demographic Comparison
This comparison places Elgin alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Elgin or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Elgin | 114,676 | 38,821 | 38 | $86,005 | 3 | 12,339 | -1% |
| South Elgin | 25,304 | 8,580 | 39 | $114,292 | 3 | 1,601 | 1% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Elgin, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Elgin
View All Commercial Real Estate For Sale in Elgin
Is Elgin a good market for a first-time commercial real estate investor?
Elgin offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Elgin?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Elgin. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Elgin?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Elgin. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Elgin compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Elgin. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Elgin acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Elgin, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
Nearby Cities
Commercial Market Reports
- Elgin Commercial Real Estate Properties
- South Elgin Commercial Real Estate Properties
- Sleepy Hollow Commercial Real Estate Properties
- West Dundee Commercial Real Estate Properties
- Dundee Commercial Real Estate Properties
- East Dundee Commercial Real Estate Properties
- Gilberts Commercial Real Estate Properties
- Pingree Grove Commercial Real Estate Properties
- Carpentersville Commercial Real Estate Properties
- Wayne Commercial Real Estate Properties
- Saint Charles Commercial Real Estate Properties
- Campton Hills Commercial Real Estate Properties
- St Charles Commercial Real Estate Properties
- Cloverdale Commercial Real Estate Properties
- Bartlett Commercial Real Estate Properties
- Streamwood Commercial Real Estate Properties
- Algonquin Commercial Real Estate Properties
- Hampshire Commercial Real Estate Properties
- Hoffman Estates Commercial Real Estate Properties
- Barrington Hills Commercial Real Estate Properties
- South Barrington Commercial Real Estate Properties
- Hanover Park Commercial Real Estate Properties
- Lake In The Hills Commercial Real Estate Properties
- Burlington Commercial Real Estate Properties
- Geneva Commercial Real Estate Properties
- West Chicago Commercial Real Estate Properties
- Huntley Commercial Real Estate Properties
- Barrington Commercial Real Estate Properties
- View more
- View less
- Atlanta, GA Market Trends
- Austin, TX Market Trends
- Boston, MA Market Trends
- Charlotte, NC Market Trends
- Chicago, IL Market Trends
- Columbus, OH Market Trends
- Dallas, TX Market Trends
- Denver, CO Market Trends
- Fort Worth, TX Market Trends
- Houston, TX Market Trends
- Indianapolis, IN Market Trends
- Jacksonville, FL Market Trends
- Kansas City, MO Market Trends
- Las Vegas, NV Market Trends
- Los Angeles, CA Market Trends
- Nashville, TN Market Trends
- Philadelphia, PA Market Trends
- Phoenix, AZ Market Trends
- San Diego, CA Market Trends
- San Francisco, CA Market Trends
- San Jose, CA Market Trends
- Seattle, WA Market Trends
- Washington, DC Market Trends
- View more
- View less
