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    85 Market St Elgin, IL 60123

    For Sale
    $425,000

    Commercial Sale - Elgin, IL

    Property size:
    6,326 SF
    Lot size:
    0.50 Acres
    Days on Market:
    164
    Last Refresh:
    Dec 12 at 12:06 am

    Property Features for 85 Market St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    0615304030
    Size
    6,326 SF
    Lot size
    0.50 Acres

    Utilities

    Cooling system
    Central Air, Zoned

    Building Details

    Year built
    1977
    Number of units
    4
    Architectural style
    Other

    Patron, Inc (dba RE/MAX Horizon) (630) 215-6600 [email protected]

    Listing agent Brian Knott (847) 931-7500 License #475142989

    Listing date Jul 2, 2025

    MLS# 12409503 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 Office Space For Sale

    This 6,326 square foot office building is located in a busy commercial area on Elgin's West Side. The solid building features an air-lock entry and a main floor lobby. Public restrooms are available. There is a private restroom in the first-floor office. The property includes receptionist areas in three of the four rentable offices, along with conference rooms on both the first and second floors. The property has plenty of parking and great visibility. Previously home to a law firm, this site has been the location of many real estate closings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Compton Law Group Law Firm James Young Law Bankruptcy Attorney Brighter Side Counseling ... Mental Health Service Flanagan Patrick Attorney Liam Dixon Law ... Attorney

    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
    -88.3202905
    Latitude
    42.0357652

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    FAQs

    What type of property is this?
    Office building - 6,326 SF office building in a busy commercial area.
    Where is this office building located?
    The property is located at 85 Market St Elgin, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - 6,326 sq. ft. of prime office space; - Located in a busy commercial area on Elgin's West Side; - Multiple rentable offices (4) with receptionist areas
    (847) 931-7500
    Request Owner's contact information
    85 Market St Elgin, IL 60123
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    Elgin, IL 60123
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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
    85 Market St Elgin, IL 60123
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