Elgin Mixed-Use Investment
20-24 Douglas Avenue, Elgin, IL 60120
- Added:
- Mar 9, 2026
- Days on Market:
- 68
- Last Refresh:
- May 15 at 2:06 pm
Property Features for 20-24 Douglas Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0614283019
- Size
- 14,000 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 25459
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 1881
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
Listing agent Ben Henrikson License #475091643 (630) 215-6600
Listing office RE/MAX Horizon 374 N McLean, Elgin, IL (847) 931-7500
Listing date Mar 9, 2026
MLS# 12588163
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑visibility, recognizable 14,000 SF brick building on a corner lot with multiple storefronts/addresses.
- Versatile space suitable for office, retail, or residential conversion.
- Recent upgrades include new roofs with 6" insulation, updated HVAC, updated electrical with copper wiring, and new exterior paint.
- Features a Generac backup generator and upgraded water main service ready for sprinkler system installation.
- Original architectural details such as 14'-16' tin ceilings combined with modernized upgrades.
- Includes additional property at 113 E. Highland Ave (PIN: 06‑14‑283‑020).
Overview
The Hines Building is a two-story brick structure with 14,000 square feet of space, situated on a corner lot. Currently utilized as an office building, the property offers potential for conversion to retail storefronts on the first floor and residential units on the second floor. The building was remodeled in the 1990s and has since been maintained and upgraded. Recent improvements include new roofs with 6-inch insulation installed within the past 4 years, updated HVAC systems, and updated electrical wiring with copper. The exterior has been repainted, and many windows are Pella with 1-inch glass. A Generac backup generator is in place. The water main service has been upgraded and is prepared for the addition of sprinklers. The building features a main entrance at 113 E. Highland, with three adjoining storefronts along Douglas (20, 22, and 24). The address 115 E. Highland is for the former bank space. The second floor of the bank space and 24 and 22 Douglas are all office space. The second floor of 20 Douglas is unfinished vacant space. The basement is partially finished. Multiple bathrooms and kitchenette spaces are located throughout the building. The ceiling height in much of the building is between 14 and 16 feet and features tin ceilings. The property includes original features and modernized upgrades. Also included in this sale is 113 E. Highland Ave. which has a PIN of 06-14-283-020. The lot size is 0.1909 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Elgin
- County
- Cook
- State
- Illinois
- Longitude
- -88.2842509
- Latitude
- 42.0379464
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-story building with retail and office space, potential residential conversion.
Where is this mixed-use property located?
The property is located at 20-24 Douglas Avenue Elgin, IL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: High‑visibility, recognizable 14,000 SF brick building on a corner lot with multiple storefronts/addresses.; Versatile space suitable for office, retail, or residential conversion.; Recent upgrades include **new roofs with 6" insulation, updated HVAC, updated electrical with copper wiring, and new exterior paint.**
