Vacant Commercial
For Sale
$35,000
Russell Street lot 3, Elgin, IL 60120
LAND - Elgin, IL
Property SizeContact for details
Days on Market71
Property Features for Russell Street lot 3
General Information
Property type
Land
Property subtype
Other
Elementary school district
46
Middle school district
46
High school district
46
Directions
St Charles St. West onto Russell St. all the way to the deed end of Russell
Subdivision
Elgin
Standard status
Active
APN
0624408003
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
724
Listing Agency:
Inspire Realty Group LLC
(847) 489-3476
Listed By:
Christopher Davis · License #471020520
(847) 489-3476
Added: Jun 8
Last Checked: Aug 17 at 8:06AM
MLS# 12671790
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 offering is a vacant commercial lot in Elgin, Illinois, positioned for future development. It is presented as land only, with buyers responsible for confirming site conditions, utilities, and any development requirements prior to pursuing any use.
The property benefits from convenient access to Route 20 and I-90, as well as proximity to Elgin Community College, local hospitals, and area high schools. It is situated near shopping and dining, placing it within a broader mix of established services and amenities.
According to the seller’s discussions with the City of Elgin, there may be potential to pursue rezoning to residential use. Buyers are strongly encouraged to conduct their own due diligence and verify all zoning, permitted uses, and development possibilities with the appropriate municipal authorities before submitting an offer. An additional neighboring lot is also available under MLS #12671851, and the seller would prefer to sell both parcels together, which may support broader planning options depending on the buyer’s intended end use.
The property benefits from convenient access to Route 20 and I-90, as well as proximity to Elgin Community College, local hospitals, and area high schools. It is situated near shopping and dining, placing it within a broader mix of established services and amenities.
According to the seller’s discussions with the City of Elgin, there may be potential to pursue rezoning to residential use. Buyers are strongly encouraged to conduct their own due diligence and verify all zoning, permitted uses, and development possibilities with the appropriate municipal authorities before submitting an offer. An additional neighboring lot is also available under MLS #12671851, and the seller would prefer to sell both parcels together, which may support broader planning options depending on the buyer’s intended end use.
Key Highlights
- Vacant commercial lot in Elgin, presented as an acquisition opportunity with potential for future uses.
- Located near major transportation corridors and easy access to Route 20 and I‑90.
- Convenient to shopping, dining, schools, and healthcare, including Elgin Community College and local hospitals.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 60120, IL
50,799
Population
17,112
Households
3
Avg Household Size
35
Median Age
19%
College-Educated
74%
High-School Grad
17.4 sq mi
ZIP Area
2,919
Density / Sq Mi
$80,305
Median Household Income
$37,495
Median Earnings
$1,250
Median Rent
$227,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant commercial land near major corridors, offering flexibility for future development subject to municipal approvals.
Where is this commercial land located?
The property is located at Russell Street lot 3 Elgin, IL.
What is the asking price?
The asking price for this property is $35,000.
What are key features of this property?
This property features: Vacant commercial lot in Elgin, presented as an acquisition opportunity with potential for future uses.; Located near major transportation corridors and easy access to Route 20 and I‑90.; Convenient to shopping, dining, schools, and healthcare, including Elgin Community College and local hospitals.
