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    50 S Grv Ave Elgin, IL 60120

    For Lease
    $16 SF/Yr

    Office - Elgin, IL

    Type:Office
    Days on Market:
    160
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 50 S Grv Ave

    General Information

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

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Flooring type
    Vinyl
    Architectural style
    Other

    Inspire Realty Group (847) 489-3476 [email protected]

    Listing agent Christopher Davis (847) 489-3476 License #471020520

    Listing date Jul 1, 2025

    MLS# 12396255 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

    Downtown Elgin Office Space Available

    This street-level office space is located in downtown Elgin. The unit features a versatile layout that includes separate workspaces and an open-concept area. The space is move-in ready, impeccably maintained, and features natural light. A parking lot is located directly next to the building, providing easy access for staff and visitors. The flexible layout is suitable for small businesses, creative professionals, or service providers. The property benefits from excellent visibility and a location in a vibrant downtown setting.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2392
    Latitude
    42.035

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    FAQs

    What type of property is this?
    Office space - Move-in ready office space in downtown Elgin. Excellent visibility.
    Where is this office space located?
    The property is located at 50 S Grv Ave Elgin, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Prime street-level office space in downtown Elgin.; - Move-in ready and impeccably maintained.; - Convenient parking lot directly next to the building.
    (847) 489-3476
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    50 S Grv Ave 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
    50 S Grv Ave Elgin, IL 60120
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