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Street-Facing Office Suite

101-221 E Chicago St, Elgin, IL 60120

For Lease
$16 SF/Yr

Three-room layout includes an open work area, two private offices, and access to shared amenities.

Space SizeContact for details
Days on Market20

Property Features for 101-221 E Chicago St

General Information

Standard status Active

Space & Availability

Floor Ground Floor
Space Use Office
Private Offices 2
Meeting Rooms 1

Taxes and HOA fees

Annual Taxes $21,651

Amenities

kitchenette
bath

Building Details

Construction exposed brick
Listing Agency: RE/MAX Horizon
Listed By: Ben Henrikson · License #475091643
Source: Exprealty
Added: Oct 21 Changed: Nov 5 Last Checked: Nov 8 at 10:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Horizon

Rey
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Investment Insights

Based on property information with market context.

The office suite is arranged as three rooms: a large open area and two private offices. Exposed brick and hardwood floors are interior features, with contemporary finishes throughout. Occupants also have access to a shared conference room, kitchenette, and bathroom.

Positioned just inside the building’s front entrance, the suite faces the street. A city parking deck is across the street.

Key Highlights

  • Three‑room suite with a large open area and two private offices
  • Street‑facing position just inside the building entrance
  • Shared conference room, kitchenette, and bathroom

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Real Estate Agency Electrical Service Storage Facility Garden Center

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

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,594
Businesses Nearby

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

Market

Lease Benchmarks for Elgin, IL

$17.99 /SF/Yr
Avg Asking Price
$8–$42 /SF/Yr
Price Range
24,061 SF
Avg Space Size

This space is priced 11% below the average of $17.99 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Elgin, IL

$15.3 Jul
$13.77 Aug
$14.93 Sep
$15.04 Oct

Properties on Market for Office Units in Elgin

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Three-room layout includes an open work area, two private offices, and access to shared amenities.
Where is this office unit located?
The property is located at 101-221 E Chicago St Elgin, IL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Three‑room suite with a large open area and two private offices; Street‑facing position just inside the building entrance; Shared conference room, kitchenette, and bathroom
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