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1112-20 South Street Elgin, IL $ 1,250,000
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$ 1,250,000 Get more info
1112-20 South Street
$ 1,250,000
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1112-20 South Street

Elgin, IL, 60123
$ 1,250,000
Baths0.0 Sq 18,252

Monthly Estimate*

$ 8,308

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Studio

Commercial Property for sale in Elgin, IL

for $1,250,000. This 18,252 square foot building was built in 1953 on a lot size of 0.956612.

Sunset Center is strategically located on South Street, S Aldine and S Alfred on the west side. The City of Elgin estimates 8000 cars pass by daily creating great visibility. The Strip Mall is comprised of 10 self-contained retail units totaling 18,252 square feet with an additional 15,000 square feet of rental storage space and 75 parking spaces. Eight of the ten units are currently occupied with a mix of popular local retailers and services. Storage space is fully rented out. Great investment opportunity with established businesses and additional storage rental income in place.

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Commercial Active

Price

$ 1,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 30,552

Style

Lot Size

0.956612

Year Built

1953

Town/City

Elgin

County/Region

Kane

MLS | Web ID

11924800
Features
General
Cooling Central Air
Possession Closing
Zoning RTAIL
Year Built 1953
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Janitorial Service Sewer
Stories 1
Township Elgin
Property SubType Strip Center
Tax Year 2022
Gross Income 146916
County Kane
Net Operating Income 101624
Insurance Expense 4943
Property Type Commercial Sale Retail/Stores
Status Active
Directions Sunset Center Strip Mall Lillian to South Street
City Elgin
NumberOfUnitsTotal 10
MLS Area Elgin
Lot Size Square Feet 41670
Street Name South
Tax Annual Amount 30552
Electric Expense 2284
Trash Expense 3033
Additional Parcels Y/N N
Leasable Area 0
Days on Market 199
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 18252
Lot Dimensions 41670 SQ FT
Exterior Brick
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Interior
Street Suffix Street
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* Excluded Features
List By
Berkshire Hathaway Homeservices Starck Real Estate

Broker

jcecchini@starckre.com

Email

Affordability Calculator

$10,854
Per Month
77%
23%
0%
Monthly Principal & Interest
$8,308
Monthly Property Taxes
$2,546
Monthly 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
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/18/2023$1,250,000 Listed Price

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1112-20 South Street, Elgin, IL, 60123 is a Commercial Property for sale at $1,250,000 with 18,252 sqft and a lot size of 0.956612. 1112-20 South Street is a studio with 0.0 baths and was built in 1953. The property's zip code is 60123 which is in Elgin, IL

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