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Brick Warehouse Building
For Lease
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565 N State Street, Elgin, IL 60123

Commercial Lease, Elgin, IL

Space SizeContact for details
Days on Market641

Property Features for 565 N State Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning COMMR
Directions Route 31 just North of Wing St. on East-side
Subdivision Elgin
Standard status Active

Building Details

Year built 1962
Floors in Building 1
Listing Agency: RE/MAX Horizon · RE/MAX International
Listed By: Ben Henrikson · License #475091643
Added: Dec 3, 2024 Changed: Aug 19 Last Checked: Sep 5 at 6:06PM
MLS# 12220430

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This brick warehouse building, constructed in 1962, offers commercial space for contractor operations, light manufacturing, warehouse use, and small engine repair. The property carries COMMR zoning and is positioned along Rt. 31 in Elgin.

Auto and truck repair are not permitted at the property. The address is 565 N State Street, providing a defined commercial location for businesses seeking warehouse-oriented space with access to a major local route.

Key Highlights

  • Brick warehouse building constructed in 1962
  • Located on Rt. 31 in Elgin
  • COMMR zoning

Property Analytics

Current Use

U-Haul Neighborhood Dealer Car Rental Facility

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Electrical Service Garden Center Skin Care Clinic Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

503
Businesses Nearby
Balanced
Demand for This Use

Demographics for 60123, IL

47,932
Population
18,129
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
14.0 sq mi
ZIP Area
3,424
Density / Sq Mi
$86,762
Median Household Income
$40,288
Median Earnings
$1,226
Median Rent
$242,200
Median Home Value

Market

Lease Benchmarks for Elgin, IL

$12.13 /SF/Yr
Avg Asking Price
$7.5–$17 /SF/Yr
Price Range
113,977 SF
Avg Space Size

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

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  • Public Storage 665 Big Timber Rd, Elgin, IL 60123
  • Public Storage 830 Steel St, Elgin, IL 60123

Frequently Asked Questions

What type of property is this?
Warehouse - Suitable for contractors, light manufacturing, warehouse operations, or small engine repair.
Where is this warehouse located?
The property is located at 565 N State Street Elgin, IL.
What are key features of this property?
This property features: Brick warehouse building constructed in 1962; Located on Rt. 31 in Elgin; COMMR zoning
More about this property
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