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    1 American Way Elgin, IL 60120

    For Sale
    $997,000

    Commercial Sale - Elgin, IL

    Property size:
    8,728 SF
    Lot size:
    0.59 Acres
    Days on Market:
    187
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 1 American Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    06073020660000
    Size
    8,728 SF
    Lot size
    0.59 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Number of units
    4
    Flooring type
    Marble
    Roof type
    Composition
    Architectural style
    Other

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

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

    Listing date Jun 2, 2025

    MLS# 12097479 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/Medical/Flex Building For Sale

    Located on Route 58 in Elgin, Illinois, this commercial building offers 8,728 square feet of space suitable for office, medical, financial, or flex use. The solid-brick building, originally constructed in 1988 and fully renovated in 2023, features high-end finishes, including Italian flooring, designer lighting, and custom wall treatments. The two-story building is configured into four suites: two upper-level suites of 1,720 square feet each, and two lower-level suites of 2,000 square feet each. Each unit has separately metered utilities. Interior common areas include ADA-compliant restrooms on both floors and a passenger elevator. The property, positioned with 165 feet of frontage on Route 58, has on-site parking for staff and guests. It is ideal for medical, financial, professional office, or owner-user setups. The property sits on a 0.59-acre lot and offers excellent signage and visibility.
    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
    -88.25702288207
    Latitude
    42.0459912

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    FAQs

    What type of property is this?
    Office building - Modernized, fully renovated office building on high-traffic Route 58.
    Where is this office building located?
    The property is located at 1 American Way Elgin, IL.
    What is the asking price?
    The asking price for this property is $997,000.
    What are key features of this property?
    This property features: - Fully renovated in 2023 with **luxury-grade finishes** including Italian flooring and designer lighting.; - **High-visibility location** with 165 feet of frontage on high-traffic Route 58.; - Flexible floor plans with four individual suites and separately metered utilities.
    (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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