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$ 720,000
Est. payment | /mo
8,880 SqFt
$ 720,000
Est. payment | /mo
8,880 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 8,880 sqft
Price per Sqft $81
MLS Listing ID 12339546
Year Built 1955
Annual Tax Amount $12,837
Tax Year 2023
Lot Dimensions 13743
Property Sub-Type Retail/Stores
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.
Location
State IL
County Kane
Area South Elgin
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 2
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Listed by Timothy Winkler • Infiniti Realty & Development, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "