1. Illinois
  2. South Elgin
  3. 375-395 E State Street
$699,999

375-395 E State Street, South Elgin, IL 60177

  • 8,880 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1955
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $79/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

This well-maintained 4-unit mixed-use strip center presents an excellent investment opportunity with a strong mix of stable income and future upside. Located on a high-visibility corner lot totaling 13,743 square feet, the property features a two-story structure with 8,880 square feet of space. The ground floor includes three retail units, two of which are currently leased below market rent, while the third is leased near market rates. The second floor, configured for office use, is currently vacant, providing the potential for additional rental income or use by an owner-occupant. Ample on-site parking and strong frontage on a high-traffic corridor enhance the property's appeal for retail, office, or service-oriented businesses. With below-market leases, immediate leasing opportunities, and flexible use options, this asset is well-positioned for value growth and strong long-term returns.

Listing Status:
Active
Listing Office:
Infiniti Realty & Development, Inc. : 630-782-9601
Listing Agent:
Timothy Winkler : 630-903-8663
MLS ID:
12339546
  • A/C: Central Air

This listing courtesy of Timothy Winkler, Infiniti Realty & Development, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Clinton Elementary School

770 Mill St, South Elgin, IL, 60177

Grades KG-6

0.31 miles away

K

Kenyon Woods Middle School

1515 Raymond St, South Elgin, IL, 60177

Grades 7-8

0.91 miles away

S

South Elgin High School

760 E Main St, South Elgin, IL, 60177

Grades 9-12

0.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.