Vacant Commercial Lot
For Sale
$35,000
415 Russell Street, Elgin, IL 60120
LAND - Elgin, IL
Days on Market53
Property Features for 415 Russell Street
General Information
Property type
Land
Property subtype
Other
Elementary school district
46
Middle school district
46
High school district
46
Directions
St Charles St. West onto Russell St. all the way to the deed end of Russell
Subdivision
Elgin
Standard status
Active
APN
0624408004
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
724
Listing Agency:
Inspire Realty Group LLC
(847) 489-3476
Listed By:
Christopher Davis · License #471020520
(847) 489-3476
Added: Jun 8
Last Checked: Jul 30 at 1:06PM
MLS# 12671851
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 listing offers a vacant commercial lot in Elgin, Illinois. The property is positioned for future development, subject to municipal review and approval of zoning and permitted uses.
The seller highlights a highly convenient area with access to Route 20 and I-90, as well as nearby shopping, dining, schools, and healthcare. Elgin Community College, local hospitals, and area high schools are also identified within the surrounding area, along with major transportation corridors.
According to the seller’s discussions with the City of Elgin, there may be potential for rezoning to residential use. Buyers are strongly encouraged to conduct their own due diligence and confirm zoning status, permitted uses, and development possibilities with the appropriate municipal authorities before submitting an offer. An additional neighboring lot is available under MLS #12671790, and the seller would prefer to sell both parcels together if a buyer is seeking greater overall development flexibility or expansion.
The seller highlights a highly convenient area with access to Route 20 and I-90, as well as nearby shopping, dining, schools, and healthcare. Elgin Community College, local hospitals, and area high schools are also identified within the surrounding area, along with major transportation corridors.
According to the seller’s discussions with the City of Elgin, there may be potential for rezoning to residential use. Buyers are strongly encouraged to conduct their own due diligence and confirm zoning status, permitted uses, and development possibilities with the appropriate municipal authorities before submitting an offer. An additional neighboring lot is available under MLS #12671790, and the seller would prefer to sell both parcels together if a buyer is seeking greater overall development flexibility or expansion.
Key Highlights
- Vacant commercial lot in Elgin with convenient access to shopping, dining, schools, healthcare, and major transportation corridors
- Easy access to Route 20 and I‑90, plus Elgin Community College, local hospitals, and nearby high schools
- Seller reports possible rezoning to residential use, pending buyer due diligence and verification with the City of Elgin
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
291
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant commercial lot with convenient access to major transportation corridors for a range of future development uses.
Where is this commercial land located?
The property is located at 415 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 lot in Elgin with convenient access to shopping, dining, schools, healthcare, and major transportation corridors; Easy access to Route 20 and I‑90, plus Elgin Community College, local hospitals, and nearby high schools; Seller reports possible rezoning to residential use, pending buyer due diligence and verification with the City of Elgin
