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    1010 E Chicago St Elgin, IL

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    For Sale
    Contact for pricing

    24,973 SF former dealership on 11.16 acres for sale.

    Property size:
    24,973 SF
    Lot size:
    4.53 Acres

    Property Features for 1010 E Chicago St

    General Information

    Size
    24,973 SF
    Lot size
    4.53 Acres
    Source: Moodyscre

    Listing Agent: Mario Melone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Dealership on 11.16 Acres

    The property is a +/- 24,973 square foot former automobile dealership situated on an approximately 11.16-acre site. It is zoned for commercial use. The location benefits from strong area demographics and a substantial daytime population. The former car dealership includes some furniture, fixtures, and equipment. The property features significant frontage and visibility on Chicago Street (Route 19), with five points of ingress and egress onto Chicago Street (Route 19).
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2558525
    Latitude
    42.0352856

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    FAQs

    What type of property is this?
    Specialty property - 24,973 SF former dealership on 11.16 acres for sale.
    Where is this specialty property located?
    The property is located at 1010 E Chicago St Elgin, IL.
    What are key features of this property?
    This property features: - Substantial frontage/visibility on Chicago Street (Route 19); - Site area is approximately 11.16 acres; - 5 points of ingress/egress on Chicago Street (Route 19)
    (312) 935-1400
    Request Owner's contact information
    1010 E Chicago St Elgin, IL
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    Elgin, IL
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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
    1010 E Chicago St Elgin, IL
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