725 W Chicago Street Elgin, IL ^$ 499,900

725 W Chicago Street

^$ 499,900

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725 W Chicago Street

Elgin, IL, 60123

^$ 499,900

Studio Baths0.0 Sq 1,296

Monthly Estimate*

^$ 3,322

725 W Chicago Street, Elgin, IL 60123 - Image 1

Studio

Commercial Property for sale in Elgin, IL

for $499,900. This 1,296 square foot building was built on a lot size of 0.235583.

Profitable, High Traffic area. Free Standing Grocery Store. This unit has a full inventory of groceries and sundries. It also includes a owned A T M machine. Lottery tickets are available and they have a hard liquor license. It includes a 7 ft. freezer, a 24 ft. walk in cooler with 6 other coolers.. There is a fenced side yard with parking for up to 12 cars. There is enough room for a drive through. This unit is in good condition. A neighborhood business that turns a good income. Close to train station and I-90

Commercial Active

Price

^$ 499,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,486

Style

Grocery

Lot Size

0.235583

Town/City

Elgin

County/Region

Kane

MLS | Web ID

11127795

Features

General

Cooling Central Air

Utilities Electric to Site

Possession Closing

Roof Membrane

Zoning RTAIL

Construction Materials Concrete

Electric Separate Meters

Tenant Pays Other

Stories 1

Tax Year 2020

Current Use Commercial

Business Type Grocery

County Kane

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Possible Use Retail Other

Status Active

Directions Rt. 31 ( State St. ) to Chicago St. West to Property. Corner of Chicago and Sheridan

City Elgin

MLS Area Elgin

Lot Size Square Feet 10262

Waterfront Y/N N

Street Name Chicago

Tax Annual Amount 3486

Additional Parcels Y/N N

Days on Market 1057

Standard Status Active

Ownership Type Individual

Exterior

Building Area Total 1296

Lot Dimensions 101X101

Frontage Type City Street

Interior

Street Suffix Street

* Excluded Features

List By

Berkshire Hathaway Homeservices Starck Real Estate

Broker

nchristensen@starckre.com

Affordability Calculator

$3,613

Per Month

Monthly Principal & Interest: $3,322
Monthly Property Taxes: $291
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% 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

Trends
Schools

Commerical listings in Elgin, IL

Average List Price ^$744,332

Percent of Sale Price 49%

About Elgin, IL

114,155 Population

21% Since 2002

^$61,828 Median Income

35.71 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/14/2022	$499,900		Listed Price

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725 W Chicago Street, Elgin, IL, 60123 is a Commercial Property for sale at $499,900 with 1,296 sqft and a lot size of 0.235583. 725 W Chicago Street is a studio with 0.0 baths. The property's zip code is 60123 which is in Elgin, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/3/2024.

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725 W Chicago Street

Commercial Property for sale in Elgin, IL

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