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Industrial Warehouse

17 North Union Street, Elgin, IL 60123

For Lease
New
$9.50 SF/Yr

A warehouse property in Elgin offers industrial space for lease.

Space Size5,006 SF
Property Size35,862 SF
Days on Market2

Property Features for 17 North Union Street

General Information

Standard status Active
Size 5,006 SF
Property subtype Industrial
Lease Term MG

Building Details

Building Size 35,862 SF
Year Built 1920

Spaces For Lease

at 17 North Union Street
17 $9.50/SF/Yr
Size 5,006 SF
Type Industrial Warehouse
Term Negotiable
Contact us
Listing Agency: Premier Commercial Realty
Listed By: Sharon Glasshof · License #471012471
Source: Premiercommercialrealty
Added: Nov 8 Last Checked: Nov 8 at 4:10PM

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 Premier Commercial Realty

Rey
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Investment Insights

Based on property information with market context.

This industrial warehouse is located at 17 North Union Street in Elgin, Illinois. Built in 1920, the property is offered for lease.

Key Highlights

  • Constructed in 1920
  • Located at 17 North Union Street in Elgin, Illinois

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Pharmacy Auto Parts Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Home Appliance Store Pet Grooming Service

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

NNN (Triple Net)
Lease Type
$1.43 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

588
Businesses Nearby
Balanced
Demand for This Use

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

Market

Lease Benchmarks for Elgin, IL

$12.13 /SF/Yr
Avg Asking Price
$7.5–$17 /SF/Yr
Price Range
102,069 SF
Avg Space Size

This space is priced 22% below the average of $12.13 /SF/Yr.

Properties on Market for Warehouses in Elgin

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Similar Off Market Nearby

  • Little Self Storage Units — 133 S Aldine Ave, Elgin, IL 60123
  • Self Storage — 51 S Grove Ave, Elgin, IL 60120
  • Watson Self Storage Units — 1276 Davis Rd, Elgin, IL 60123
  • Alpine Self Storage Unit — 66 S Grove Ave, Elgin, IL 60120
  • MOVR — 201 E Chicago St, Elgin, IL 60120

Frequently Asked Questions

What type of property is this?
Warehouse - A warehouse property in Elgin offers industrial space for lease.
Where is this warehouse located?
The property is located at 17 North Union Street Elgin, IL.
What is the lease rate?
The lease rate is $9.50 SF/Yr.
What are key features of this property?
This property features: Constructed in 1920; Located at 17 North Union Street in Elgin, Illinois
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