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Leased Five-Unit Strip Mall
New
For Sale
$799,000

1305-1385 N La Fox Street, South Elgin, IL 60177

Commercial Sale, South Elgin, IL

Property SizeContact for details
Lot Size0.57 Acres
Days on Market3

Property Features for 1305-1385 N La Fox Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning COMMR
Directions N La Fox to property
Subdivision South Elgin
Standard status Active
APN 0626328029
Lot size 0.57 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 18958

Utilities

Cooling system Central Air

Building Details

Year built 1990
Floors in Building 1
Number of units 5
Building materials Brick
Listing Agency: HomeSmart Connect LLC · HomeSmart International
Listed By: Peter Dubiel · License #471022858
Added: Sep 22 Changed: Sep 23 Last Checked: Sep 24 at 1:06PM
MLS# 12766420

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 1990 brick strip mall contains five units, including one double unit and four standard units. All spaces are currently leased to businesses that include an accounting firm, flower shop, gaming cafe, smoke shop, and retail operator. Central air, basement access, and elevated rear entrances with wooden stairways support the property’s existing configuration, while the basement provides additional storage and utility access.

The property occupies 0.57 acres at 1305-1385 N La Fox Street in South Elgin, Illinois, along IL Rt 31, also known as LaFox St. A private parking lot provides up to 18 spaces for tenants and customers. The property is identified with COMMR zoning.

Key Highlights

  • Five total units: one double unit and four regular units
  • All units currently leased to established tenants
  • 0.57‑acre property along IL Rt 31 (LaFox St)

Property Analytics

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Current Use

Strip malls

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Pharmacy Daycare Center (Bike/Boat/Book/etc) 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.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

363
Businesses Nearby

Demographics for 60177, IL

24,361
Population
8,700
Households
2.8
Avg Household Size
37
Median Age
38%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
2,737
Density / Sq Mi
$123,700
Median Household Income
$59,266
Median Earnings
$1,612
Median Rent
$296,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Brick commercial center with central air, basement access, and private parking serving multiple established businesses.
Where is this strip mall located?
The property is located at 1305-1385 N La Fox Street South Elgin, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Five total units: one double unit and four regular units; All units currently leased to established tenants; 0.57‑acre property along IL Rt 31 (LaFox St)
More about this property
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