Listing Agency: Baird & Warner Fox Valley - Geneva

Listed By: Michael Angelo Herrera · License #475197059 Show Phone

Source: Crexi

Added: Apr 4 Changed: Aug 31 Last Checked: Aug 30 at 12:31PM

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Investment Insights

Based on property information with market context.

This vacant commercial parcel offers a development site with a sloped topography and direct adjacency to railroad tracks. The property is situated at 160 Ludeka Place in Elgin, Illinois, within walking distance of downtown.

The site lies within Elgin’s Central TIF District and Redevelopment Zone, providing a defined downtown-area context for evaluating future development plans. The property information also identifies the parcel as suitable for consideration of multifamily development and cannabis dispensing use.

Key Highlights

• Vacant commercial development parcel
• Sloped site adjacent to railroad tracks
• Within Elgin’s Central TIF District

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Auto Parts Store Pharmacy Gym & Fitness Center Storage Facility

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

1,362

Businesses Nearby

Explore this area Business Placement

Demographics for 60123, IL

47,932

Population

18,129

Households

2.6

Avg Household Size

37

Median Age

24%

College-Educated

84%

High-School Grad

14.0 sq mi

ZIP Area

3,424

Density / Sq Mi

$86,762

Median Household Income

$40,288

Median Earnings

$1,226

Median Rent

$242,200

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Vacant development parcel near downtown Elgin with proximity to railroad tracks.

Where is this commercial land located?

The property is located at 160 Ludeka Place Elgin, IL.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: Vacant commercial development parcel; Sloped site adjacent to railroad tracks; Within Elgin’s Central TIF District