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Corner Retail Space
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734 W Chicago Street, Elgin, IL 60124

Commercial Lease, Elgin, IL

Space Size2,375 SF
Days on Market114

Property Features for 734 W Chicago Street

General Information

Property type Commercial Lease
Property subtype Retail
Directions Rt 31 to Chicago St. West to property
Subdivision Elgin
Standard status Active

Taxes and HOA fees

Tax Year 2024

Utilities

Cooling system Central Air

Amenities

reception area
interior bathrooms
large open rooms
huge parking lot

Building Details

Year built 1965
Floors in Building 1
Number of units 12
Listing Agency: RE/MAX Horizon · RE/MAX International
Listed By: Ben Henrikson · License #475091643
Added: May 12 Changed: Aug 19 Last Checked: Sep 2 at 1:06PM
MLS# 12646353

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 2375 SF corner suite is located within a neighborhood strip center and offers a practical layout for retail or office-type occupancy. The interior includes a reception area, two large open rooms, and bathrooms, with central air conditioning serving the space.

The property sits in Oak Tree Plaza west of downtown Elgin, within a residential area. A large shared parking lot supports customer and employee access. Lease expenses include taxes and CAM, while the tenant is responsible for its own utilities. The building was constructed in 1965.

Key Highlights

  • 2375 SF corner unit in a neighborhood strip center
  • Reception area plus two large open rooms
  • Interior bathrooms and central air conditioning

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Carpet & Flooring Store Auto Parts Store Home Appliance Store Pet Grooming Service

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

Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

588
Businesses Nearby

Demographics for 60124, IL

24,859
Population
8,806
Households
2.8
Avg Household Size
42
Median Age
50%
College-Educated
96%
High-School Grad
38.2 sq mi
ZIP Area
651
Density / Sq Mi
$135,350
Median Household Income
$66,217
Median Earnings
$1,956
Median Rent
$403,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial suite with open-plan areas, reception space, bathrooms, and potential for retail or office use.
Where is this retail space located?
The property is located at 734 W Chicago Street Elgin, IL.
What are key features of this property?
This property features: 2375 SF corner unit in a neighborhood strip center; Reception area plus two large open rooms; Interior bathrooms and central air conditioning
More about this property
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