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    375-395 E State St South Elgin, IL 60177

    For Sale
    $670,000

    Commercial Sale - South Elgin, IL

    Property size:
    8,880 SF
    Days on Market:
    109
    Last Refresh:
    Dec 15 at 12:06 am

    Property Features for 375-395 E State St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0635262002
    Size
    8,880 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Number of units
    4
    Architectural style
    Other

    infiniti real estate group (630) 935-6985 [email protected]

    Listing agent Timothy Winkler (630) 782-9601 License #475214596

    Listing date Aug 29, 2025

    MLS# 12339546 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

    South Elgin Mixed-Use Investment

    This well-maintained four-unit mixed-use strip center is located on a corner lot and offers an investment opportunity. The two-story structure has 8,880 square feet of space and is situated on a 13,743 square foot lot. The ground floor features three retail units; two are currently leased below market rent, and one is leased near market rates. The second floor is configured for office use and is currently vacant, providing the potential for additional rental income or use by an owner-occupant. The property has frontage on a high-traffic corridor and on-site parking. The property is suitable for retail, office, or service-oriented businesses. With below-market leases, immediate leasing opportunities, and flexible use options, this asset is well-positioned for value growth and strong long-term returns.
    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 Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    South Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.2904628
    Latitude
    41.9940904

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    FAQs

    What type of property is this?
    Strip mall - Four-unit mixed-use strip center with income and upside potential.
    Where is this strip mall located?
    The property is located at 375-395 E State St South Elgin, IL.
    What is the asking price?
    The asking price for this property is $670,000.
    What are key features of this property?
    This property features: - High-visibility corner lot location on a high-traffic corridor.; - Strong mix of stable income from existing tenants and future upside potential.; - Two-story structure with **8,880 square feet** of space suitable for retail or office use.
    (630) 782-9601
    Request Owner's contact information
    375-395 E State St South Elgin, IL 60177
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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
    375-395 E State St South Elgin, IL 60177
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