415 Russell Street, Elgin, IL 60120

Listing agent Christopher Davis License #471020520 Show Phone

Listing office Inspire Realty Group LLC c***@inspirerealtygroup.com 111 Douglas Ave, Elgin, IL Show Phone

Listing date Jun 8, 2026

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MLS# 12671851 Listing URL

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Overview

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.

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Elgin

County

Cook

State

Illinois

Longitude

-88.269775

Latitude

42.019745

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FAQs

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