Listing Agency: Inspire Realty Group LLC

Listed By: Christopher Davis · License #471020520 Show Phone

Source: Kw

Added: Oct 30 Changed: Oct 31 Last Checked: Nov 1 at 11:14AM

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Investment Insights

Based on property information with market context.

This vacant commercial parcel is located in Elgin, Illinois, with electricity, natural gas, and water nearby. A neighboring lot is also being offered, and the seller prefers a combined sale of the two parcels.

Route 20 and I-90 are accessible from the property. Elgin Community College, area hospitals, high schools, shopping, and dining are also in the surrounding area. The seller has discussed possible residential rezoning with the City of Elgin; any zoning, allowed uses, and development plans should be verified with municipal authorities.

Key Highlights

• Vacant commercial parcel in Elgin, Illinois
• Electricity, natural gas, and water nearby
• Access to Route 20 and I‑90

Property Analytics

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Grocery & Convenience Store Catering Service Bakery Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,648

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

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Vacant Commercial Land

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Commercial Land Near Randall Road

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Ground-Floor Medical Office Suite

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Residential Building Lot

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Frequently Asked Questions

What type of property is this?

Commercial land - Electricity, natural gas, and water are available nearby.

Where is this commercial land located?

The property is located at Lot 3 Russell Street Elgin, IL.

What is the asking price?

The asking price for this property is $35,000.

What are key features of this property?

This property features: Vacant commercial parcel in Elgin, Illinois; Electricity, natural gas, and water nearby; Access to Route 20 and I‑90