Office Units with Event
For Lease
$21 SF/Yr
164 Division Street, Elgin, IL 60120
Upper-floor commercial space combines flexible rooms, restrooms, and a hardwood-floored gathering area.
Space Size1,067 SF - 2,596 SF
Property Size51,232 SF
Days on Market197
Property Features for 164 Division Street
General Information
Standard status
Active
Size
1,067 SF - 2,596 SF
Net Rentable
1,067 SF
Zoning
COMMR
Space & Availability
Available Space
1,067-2,596 SF
Contiguous Space
5,340 SF
Divisible
Yes
Floor
8
Taxes and HOA fees
Annual Taxes
$27,549
Amenities
hardwood flooring
fireplace
Building Details
Building Size
51,232 SF
Year Built
1929
Stories
8
Units
76
Listing Agency:
Preferred Homes Realty
Listed By:
Jeff Kellenberger · License #471000230
(847) 695-6040
Source:
Exit2newbeginningz
Added: Feb 19
Changed: Sep 4
Last Checked: Sep 1 at 10:46PM
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 Preferred Homes Realty
Investment Insights
Based on property information with market context.
Located on the eighth floor of the Elgin Professional Building, this 5,340-square-foot office offering includes a large event area, four separate rooms, and restrooms. Hardwood flooring and a fireplace distinguish the gathering space, adding a meeting-oriented component to the office layout.
The full floor is available as one offering or can be divided into three office suites measuring 1,375, 1,067, and 2,596 square feet. Built in 1929, the property is situated at 164 Division Street in Elgin, Illinois, and provides flexibility for users seeking either a larger contiguous footprint or multiple smaller suites.
The full floor is available as one offering or can be divided into three office suites measuring 1,375, 1,067, and 2,596 square feet. Built in 1929, the property is situated at 164 Division Street in Elgin, Illinois, and provides flexibility for users seeking either a larger contiguous footprint or multiple smaller suites.
Key Highlights
- 5,340‑square‑foot office offering on the 8th floor
- Large event area with hardwood flooring and fireplace
- Four separate rooms plus restrooms
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Elgin, IL
$16.72 /SF/Yr
Avg Asking Price
$8–$37.77 /SF/Yr
Price Range
35,231 SF
Avg Space Size
This space is priced 26% above the average of $16.72 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Upper-floor commercial space combines flexible rooms, restrooms, and a hardwood-floored gathering area.
Where is this office units located?
The property is located at 164 Division Street Elgin, IL.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: 5,340‑square‑foot office offering on the 8th floor; Large event area with hardwood flooring and fireplace; Four separate rooms plus restrooms
