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    216 Prairie St Elgin, IL 60120

    Under Contract
    For Sale
    $109,000

    Land - Elgin, IL

    Lot size:
    0.15 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 216 Prairie St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    0613309008
    Lot size
    0.15 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Leticia Lara (847) 495-5000 License #475143881

    Listing date Nov 7, 2025

    MLS# 12513642 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 Vacant Downtown Building Site

    This vacant lot is located in downtown Elgin. The property dimensions are 51.83 feet by 132.46 feet. It is adjacent to a free city parking lot and garage. The zoning is CC1 (Center City), which allows for many uses. The property is located in Elgin TIF District #3. The lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    teen writers and artists ... Art Center 216 Prairie St ... Parking Lot

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.281145
    Latitude
    42.0347872

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    FAQs

    What type of property is this?
    Land - Vacant commercial lot in downtown Elgin near parking.
    Where is this land located?
    The property is located at 216 Prairie St Elgin, IL.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: - Vacant lot in downtown Elgin: Prime location for development.; - CC1 (Center City) zoning: Allows for a wide range of potential uses.; - Adjacent to free City parking: Convenient access for customers or residents.
    (847) 495-5000
    Request Owner's contact information
    216 Prairie St 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
    216 Prairie St Elgin, IL 60120
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