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    1305-85 N La Fox St South Elgin, IL 60177

    For Sale
    $759,000

    Office - South Elgin, IL

    Type:Office
    Property size:
    6,000 SF
    Days on Market:
    75
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 1305-85 N La Fox St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    COMMR
    APN
    0626328029
    Size
    6,000 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Number of units
    5
    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Peter Dubiel (847) 495-5000 License #471022858

    Listing date Sep 30, 2025

    MLS# 12212989 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

    Retail/Office Strip Center For Sale

    This commercial property is a retail/office strip center located on IL Rt 31 (LaFox St). The property features five units, with three currently leased to established tenants, including an accounting firm, a tattoo shop, and a gaming cafe. The property has high visibility and a private parking lot with up to 18 spaces for tenants and customers. Basement access allows for extra storage and easy utility modifications. The property also features elevated rear entrances with sturdy wooden stairways. The property is located in South Elgin, IL. The property size is 6000 square feet. In 2024, the equalized reassessed value of the property has decreased by 25%, which means your property tax bill will also be reduced!
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    South Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.2933668
    Latitude
    42.0062733

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Strip mall - High-visibility strip center with leased units and ample parking.
    Where is this strip mall located?
    The property is located at 1305-85 N La Fox St South Elgin, IL.
    What is the asking price?
    The asking price for this property is $759,000.
    What are key features of this property?
    This property features: - High Visibility Location on IL Rt 31 (LaFox St) offering significant drive-by exposure.; - Three Units Currently Leased providing immediate income from established tenants.; - Reduced Property Taxes due to a 25% decrease in equalized reassessed value in 2024.
    (847) 495-5000
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    South Elgin, IL 60177
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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
    1305-85 N La Fox St South Elgin, IL 60177
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