Historic Mixed-Use
For Sale
$795,000
20-24 Douglas Avenue, Elgin, IL 60120
Remodeled two-story brick building with multiple storefront addresses and office space, including updated HVAC and electric.
Property Size14,124 SF
Price / SF$56.29
Days on Market198
Property Features for 20-24 Douglas Avenue
General Information
Standard status
Active
Size
14,124 SF
Property subtype
Mixed Use
Additional Details
Clear Height
16 ft
Taxes and HOA fees
Annual Taxes
$25,459
Amenities
backup generator
kitchenette spaces
tin ceilings
multiple bathrooms
Central Air
3
66x126
Building Details
Year Built
1881
Stories
2
Construction
brick
Listing Agency:
RE/MAX Horizon
(847) 931-7500
Listed By:
Ben Henrikson · License #475091643
(847) 293-7900
Source:
Xome
Added: Feb 21
Changed: Sep 2
Last Checked: Sep 6 at 5:47AM
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 RE/MAX Horizon
Investment Insights
Based on property information with market context.
A well-known two-story brick “Hines Building” includes multiple storefront addresses and interior office space. The property features main entries at 113 E. Highland, with additional adjoining storefront buildings along Douglas at 20, 22 and 24 Douglas, and the former bank space at 115 E. Highland. The second floor includes office space across the bank area and Douglas addresses, while the second floor of 20 Douglas is unfinished and vacant. Several restrooms and kitchenette areas are distributed throughout, and the basement is partially finished.
The building has undergone remodeling and ongoing upgrades since the 1990s, including new roofs with added insulation within the past four years, an updated HVAC system, updated electrical throughout with copper wiring, and new exterior paint. Many windows are Pella with 1-inch glass, and a Generac backup generator is included.
Ceiling heights in much of the building range from 14 to 16 feet with tin ceilings. The water main service has been upgraded and is set up for sprinklers to be added. This sale also includes 113 E. Highland Ave. (PIN 06-14-283-020).
The building has undergone remodeling and ongoing upgrades since the 1990s, including new roofs with added insulation within the past four years, an updated HVAC system, updated electrical throughout with copper wiring, and new exterior paint. Many windows are Pella with 1-inch glass, and a Generac backup generator is included.
Ceiling heights in much of the building range from 14 to 16 feet with tin ceilings. The water main service has been upgraded and is set up for sprinklers to be added. This sale also includes 113 E. Highland Ave. (PIN 06-14-283-020).
Key Highlights
- Remodeled 2‑story brick "Hines Building" totaling 14,000 SF on a corner lot with multiple storefront/addresses
- First‑floor storefront spaces with multiple adjoining buildings along Douglas (20, 22, and 24), plus former bank space at 115 E. Highland
- Second floor includes office space across the bank space and 22 and 24 Douglas; 20 Douglas second floor has unfinished vacant space
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,594
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
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 - Remodeled two-story brick building with multiple storefront addresses and office space, including updated HVAC and electric.
Where is this office building located?
The property is located at 20-24 Douglas Avenue Elgin, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Remodeled 2‑story brick "Hines Building" totaling 14,000 SF on a corner lot with multiple storefront/addresses; First‑floor storefront spaces with multiple adjoining buildings along Douglas (20, 22, and 24), plus former bank space at 115 E. Highland; Second floor includes office space across the bank space and 22 and 24 Douglas; 20 Douglas second floor has unfinished vacant space
