375-395 E State Street
South Elgin, IL, 60177
$670,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12339546 image #0
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.

Property Details

Price:
$670,000
MLS #:
MRD12339546
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
southelgin
Listed Date:
Apr 15, 2025
Total Sq Ft:
8,880
Year Built:
1955
South ElginSouthelgin

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Schools

Interior

Cooling
Central Air

Exterior

Stories
2

Financial

HOA Fee Frequency
Not Applicable
Net Operating Income
$65,240
Tax Year
2023
Taxes
$12,837

Map

Community

Market Summary

Current real estate data for Commercial in South Elgin as of Jun 13, 2026
2
Commercial Listed
284
Avg DOM
$633,500
Avg List Price

Property Summary

    375-395 E State Street South Elgin IL is a Commercial for sale in South Elgin, IL, 60177. It is listed for $670,000

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