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    1 American Way, Unit 2E Elgin, IL 60120

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Elgin, IL

    Type:Office
    Days on Market:
    206
    Last Refresh:
    Jan 7 at 11:06 pm

    Property Features for 1 American Way

    General Information

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

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Tile, Carpet
    Building materials
    Brick, Concrete, Steel Siding

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

    Listing agent Luigui Corral (224) 286-4186

    Listing date Jun 16, 2025

    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 Rent

    This 1,850-square-foot professional office suite is available for rent at $2,990 per month plus utilities. Located on the second floor of a luxury Class A building that was rehabbed in 2023 and is accessible by elevator, the suite is situated in Elgin's high-traffic east-side commercial district. The space features nine private offices, four of which can be converted into exam rooms, a spacious waiting area, an open workroom, and ample storage. The property is ADA-compliant and includes abundant parking. Upscale finishes are present throughout the building. With only three tenants in the building, a quiet and professional environment is ensured. The location is close to retail, dining, and dense residential areas, offering good visibility and client access. It is suitable for medical, legal, insurance, mortgage, or real estate businesses.
    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

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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, Unit 2E Elgin, IL.
    What are key features of this property?
    This property features: - Prime 1,850 sq ft office suite in a high-traffic location.; - Newly rehabbed in 2023, Class A building with elevator access.; - Features **9 private offices** (4 convertible to exam rooms), waiting area, and workroom.
    (224) 286-4186
    Request Owner's contact information
    1 American Way, Unit 2E 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, Unit 2E Elgin, IL 60120
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