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Elgin Retail Building For Sale
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1040 East Chicago Street, Elgin, IL 60120

13,200 SF building on 2.5 acres in Elgin, Illinois.

Property Size13,000 SF
Lot Size2.50 Acres
Days on Market128

Property Features for 1040 East Chicago Street

General Information

Standard status Active
Size 13,000 SF
Lot size 2.50 Acres
Property subtype Retail
Listing Agency: CBRE | Chicago
Listed By: Mario Melone · License #475150504
Source: Cbre
Added: Mar 25 Changed: Jul 10 Last Checked: Jul 30 at 3:23AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

The property features a building with approximately 13,200 square feet of space, situated on a site of about 2.50 acres. It benefits from strong area demographics and a substantial daytime population. The shop area offers a clear height of 16 feet. Zoned C1- Commercial Industrial, the property has significant frontage and visibility on Chicago Street (Route 19), along with full motion access from East Chicago Street.

Key Highlights

  • Substantial frontage/visibility on Chicago Street (Route 19)
  • Full motion access from East Chicago Street
  • +/- 13,200 SF Building on approximately 2.50 acres

Property Analytics

Current Use

Jam Auto Rebuilder ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

328
Businesses Nearby
5k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 71% Dining 29%
Hopkins Ford of Elgin, Inc. Shops & Services
2,720 visits/mo 0.2 miles
SUBWAY Dining
1,491 visits/mo 0.5 miles
Public Storage Shops & Services
901 visits/mo 0.4 miles

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

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 - 13,200 SF building on 2.5 acres in Elgin, Illinois.
Where is this retail space located?
The property is located at 1040 East Chicago Street Elgin, IL.
What are key features of this property?
This property features: Substantial frontage/visibility on Chicago Street (Route 19); Full motion access from East Chicago Street; +/- 13,200 SF Building on approximately 2.50 acres
More about this property
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