23 DOUGLAS Avenue Elgin, IL $ 435,000
23 DOUGLAS Avenue
$ 435,000
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23 DOUGLAS Avenue

Elgin, IL, 60120
$ 435,000
Baths0.0 Sq 3,284

Monthly Estimate*

$ 3,039

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Studio

Commercial Property for sale in Elgin, IL

for $435,000. This 3,284 square foot building was built in 1920 on a lot size of 0.038545.

THIS IS A HANDSOME HISTORIC BRICK BUILDING IN DOWNTOWN ELGIN, SUITABLE FOR A MIX OF USES. TWO FLOORS TOTAL 3284 SQ/FT, PLUS THERE IS ANOTHER 1500 SQ.FT. IN A FULLY FINISHED BASEMENT, WHICH HAS A SEPARATE STREET ACCESS. THE SPACE IS CURRENTLY BUILT OUT AS A PROFESSIONAL OFFICE, BUT A MIX OF RETAIL, OFFICE, AND MAYBE RESIDENTIAL IS A POSSIBILITY. THERE ARE FOUR LEVELS OF USEABLE SPACES. IT IS POSSIBLE TO MODIFY THE SECOND STORY IN ORDER TO ACCOMMODATE A RESIDENTIAL UNIT. THERE IS EXCELLENT VISIBILITY ON THE CORNER OF HIGHLAND AND DOUGLAS AVENUES, A HIGH-TRAFFIC AREA IN DOWNTOWN ELGIN. A SIZEABLE, FREE, CITY PARKING LOT IS LOCATED KIDDIE-CORNER TO THIS SITE. THE BUILDING HAS BEEN UPGRADED WITHIN THE LAST FOUR YEARS WITH A NEW ROOF, NEW WINDOWS, FURNACE, A/C, AND EXTERIOR PAINTING. THIS LOCATION COULDN'T BE ANY BETTER FOR A DOWNTOWN ADDRESS, AS IT IS IN THE CENTER OF EVERYTHING. CITY GRANTS ARE POSSIBLE FOR FACADE IMPROVEMENTS AND ADA ITEMS. MAKE SURE TO VIEW THE RENDERING PDF IN THE ADDITIONAL DOCUMENT PULL-DOWN MENU. IT SHOWS WHAT MIGHT BE POSSIBLE IF A NEW OWNER WANTS TO RESTORE THE EXTERIOR.

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Commercial Active

Price

$ 435,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,909

Style

Commercial

Lot Size

0.038545

Year Built

1920

Town/City

Elgin

County/Region

Kane

MLS | Web ID

11919596

Features
General
Cooling Central Air Zoned
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1920
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Janitorial Service Taxes Sewer
Stories 2
Township Elgin
Property SubType Apts/Ofc/Store Ofc/Store
Tax Year 2023
Current Use Commercial
Gross Income 0
County Kane
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Office and Research Retail
Status Active
Directions SOUTHEAST CORNER OF HIGHLAND AND DOUGLAS AVENUES IN DOWNTOWN ELGIN
City Elgin
Total Units 2
MLS Area Elgin
Lot Size Square Feet 1679
Street Name DOUGLAS
Tax Annual Amount 7909
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 195
Standard Status Active
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Interior
Flooring Carpet Tile Wood
Street Suffix Avenue
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 3284
Lot Dimensions 23X73
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
Real People Realty

Broker

paul@paulbednar.com

Email

Affordability Calculator

$3,698
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,039
Monthly Property Taxes
$659
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/24/2024$435,000 -2.25% Price Down
11/2/2023$445,000 Listed Price

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23 DOUGLAS Avenue, Elgin, IL, 60120 is a Commercial Property for sale at $435,000 with 3,284 sqft and a lot size of 0.038545. 23 DOUGLAS Avenue is a studio with 0.0 baths and was built in 1920. The property's zip code is 60120 which is in Elgin, IL