Brick Mixed-Use
For Sale
$795,000
20-24 Douglas Avenue, Elgin, IL 60120
COMMERCIAL - Elgin, IL
Property Size14,000 SF
Lot Size0.19 Acres
Price / SF$56.79
Days on Market162
Property Features for 20-24 Douglas Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
SW corner of E. Highland Ave. and Douglas Ave. The building has an additional address of 113-115 E. Highland.
Subdivision
Elgin
Standard status
Active
APN
0614283019
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
Amenities
backup generator
tin ceilings
kitchenette spaces
Pella windows
updated HVAC
updated electric
new roofs
new exterior paint
Building Details
Year built
1881
Floors in Building
2
Number of units
4
Building materials
Brick
Listing Agency:
RE/MAX Horizon · RE/MAX International
(847) 931-7500
Listed By:
Ben Henrikson · License #475091643
(630) 215-6600
Added: Mar 9
Changed: Aug 10
Last Checked: Aug 17 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This two-story brick property occupies a corner lot and combines multiple storefront buildings with office areas, a former bank space, a partially finished basement, and several bathroom and kitchenette areas. The building is currently configured for office use, while the first floor can accommodate retail storefronts and portions of the upper level may be converted to residential use. Much of the interior features 14- to 16-foot ceilings, tin ceilings, and preserved original details. The second floor above 20 Douglas is unfinished and vacant.
Building improvements include roofs installed within the past 4 years with 6-inch insulation, updated HVAC, copper electrical wiring, new exterior paint, and Pella windows with 1-inch glass in many openings. A Generac backup generator serves the property, and the upgraded water main is set up for future sprinkler installation. The property includes 20, 22, and 24 Douglas Avenue, 113 E. Highland Avenue, and the former bank space at 115 E. Highland Avenue. Construction dates to 1881.
Building improvements include roofs installed within the past 4 years with 6-inch insulation, updated HVAC, copper electrical wiring, new exterior paint, and Pella windows with 1-inch glass in many openings. A Generac backup generator serves the property, and the upgraded water main is set up for future sprinkler installation. The property includes 20, 22, and 24 Douglas Avenue, 113 E. Highland Avenue, and the former bank space at 115 E. Highland Avenue. Construction dates to 1881.
Key Highlights
- Two‑story brick building on a corner lot with multiple storefronts and addresses
- Current office configuration with first‑floor retail and upper‑level residential conversion potential
- Roofs replaced within the past 4 years with 6‑inch insulation
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,565
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?
Mixed-use property - Two-story corner property with multiple storefronts, office areas, original architectural details, and updated building systems.
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 $795,000.
What are key features of this property?
This property features: Two‑story brick building on a corner lot with multiple storefronts and addresses; Current office configuration with first‑floor retail and upper‑level residential conversion potential; Roofs replaced within the past 4 years with 6‑inch insulation
