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    1 American Way Elgin, IL 60120

    For Lease
    $19 SF/Yr

    Commercial Lease - Elgin, IL

    Days on Market:
    179
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 1 American Way

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OFFIC

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Number of units
    4
    Flooring type
    Carpet, Tile
    Architectural style
    Other

    Re/Max American Dream (847) 495-5555 [email protected]

    Listing agent Luigui Corral (847) 495-5555 License #471019538

    Listing date Jun 10, 2025

    MLS# 11833103 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elgin Office Suite For Lease

    This professional office suite offers 1,850 square feet of space and is located in a luxury Class A building that was rehabbed in 2023. The building is elevator-accessible and situated in a high-traffic commercial district on Elgin's east side. The second-floor suite includes 9 private offices, with 4 of them convertible to exam rooms. It also features a spacious waiting area, an open workroom, and ample storage. The suite is ADA-compliant and has upscale finishes throughout. The building has only 3 tenants, ensuring a quiet and professional environment. Abundant parking is available. The location is close to retail, dining, and dense residential areas, offering good visibility and client access. The property is suitable for medical, legal, insurance, mortgage, or real estate businesses. The monthly rent is $2,990 plus utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elgin Primary Care Medical Clinic Alexian Brothers Medical ... Medical Clinic Geeti Ghosh M.D. Pediatrician cshe elgin Association Or Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2569776
    Latitude
    42.0459881

    Nearby Similar for Lease

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      Elgin Office Space For Rent

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      Warehouse Space on Route 31

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    FAQs

    What type of property is this?
    Office space - Professional office suite in high-traffic commercial district, ideal for various businesses.
    Where is this office space located?
    The property is located at 1 American Way Elgin, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Prime 1,850 sq ft professional office suite in high-traffic location.; - Luxury Class A Rehabbed 2023, elevator-accessible building.; - Features 9 private offices (4 convertible to exam rooms), spacious waiting area, and open workroom.
    (847) 495-5555
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    1 American Way Elgin, IL 60120
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    Elgin, IL 60120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 American Way Elgin, IL 60120
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