Historic Multi-Tenant Office
For Sale
Contact for pricing
164 Division St., Elgin, IL 60102
Eight-story property offering varied office suites for law, medical, design, and other professional uses.
Property Size51,230 SF
Price / SF$24.40
Days on Market77
Property Features for 164 Division St.
General Information
Standard status
Active
Size
51,230 SF
Property subtype
Office
Zoning
CC1, Central Area TIF
Occupancy
82%
Investment Type
Stabilized
Net Operating Income
$79,197
Amenities
grand main lobby
Building Details
Buildings
1
Stories
8
Tenancy
Multi
Building Size
51,230 SF
Construction
gothic facade
Listing Agency:
Millennium Properties R/E
(312) 338-3000
Listed By:
Daniel Hyman · License #IL 471.013658x
Source:
Crexi
Added: Jun 17
Changed: Aug 31
Last Checked: Aug 31 at 2:51AM
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 Millennium Properties R/E
Investment Insights
Based on property information with market context.
This historic eight-story office building contains 51,230 square feet of multi-tenant space in a range of suite sizes from 150 SF to 4,500 SF. The property includes a gothic facade and a grand main lobby, with offices occupied by law firms, doctors, design firms, and other professional tenants.
The building is positioned in downtown Elgin within the city’s historic central area. Elgin is approximately 35 miles northwest of Chicago and combines established architecture with ongoing downtown development. Zoning is identified as CC1, Central Area TIF.
The building is positioned in downtown Elgin within the city’s historic central area. Elgin is approximately 35 miles northwest of Chicago and combines established architecture with ongoing downtown development. Zoning is identified as CC1, Central Area TIF.
Key Highlights
- 51,230‑square‑foot historic office building
- Eight‑story multi‑tenant configuration
- Office suites range from 150 SF to 4,500 SF
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 60102, IL
31,959
Population
12,076
Households
2.6
Avg Household Size
42
Median Age
43%
College-Educated
95%
High-School Grad
15.8 sq mi
ZIP Area
2,023
Density / Sq Mi
$128,070
Median Household Income
$59,484
Median Earnings
$1,826
Median Rent
$320,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Eight-story property offering varied office suites for law, medical, design, and other professional uses.
Where is this office building located?
The property is located at 164 Division St. Elgin, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 51,230‑square‑foot historic office building; Eight‑story multi‑tenant configuration; Office suites range from 150 SF to 4,500 SF
