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Corner Strip Center Unit
For Lease
$12 SF/Yr

734 W Chicago Street, Elgin, IL 60124

Flexible commercial space offers reception, open work areas, and interior bathrooms for retail or office use.

Space Size2,375 SF
Days on Market90

Property Features for 734 W Chicago Street

General Information

Standard status Active
Size 2,375 SF
Net Rentable 2,375 SF

Space & Availability

Available Space 2,375 SF
Contiguous Space 2,375 SF
Space Use Retail

Additional Details

Corner Location Yes

Amenities

reception area
interior bathrooms
huge parking lot

Building Details

Year Built 1965
Stories 1
Units 12
Listing Agency: RE/MAX Horizon
Listed By: Ben Henrikson · License #475091643
Source: Cavanaghrealty
Added: May 12 Changed: Aug 7 Last Checked: Aug 9 at 12:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Horizon

Investment Insights

Based on property information with market context.

This 2,375 SF corner unit is located within a strip center at 734 W Chicago Street in Elgin. The layout includes a reception area, two expansive open rooms, and interior bathrooms, supporting either retail or office use. Built in 1965, the property offers a straightforward commercial configuration for a range of business operations.

The space sits west of downtown Elgin within a residential area and includes access to a large shared parking lot. Taxes and CAM are included in the rent, while the tenant is responsible for utilities.

Key Highlights

  • 2,375 SF corner unit in a strip center
  • Retail or office use supported
  • Reception area plus two large open rooms

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Carpet & Flooring Store Auto Parts Store Home Appliance Store Pet Grooming Service

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

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

593
Businesses Nearby

Demographics for 60124, IL

24,859
Population
8,806
Households
2.8
Avg Household Size
42
Median Age
50%
College-Educated
96%
High-School Grad
38.2 sq mi
ZIP Area
651
Density / Sq Mi
$135,350
Median Household Income
$66,217
Median Earnings
$1,956
Median Rent
$403,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Flexible commercial space offers reception, open work areas, and interior bathrooms for retail or office use.
Where is this strip mall located?
The property is located at 734 W Chicago Street Elgin, IL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 2,375 SF corner unit in a strip center; Retail or office use supported; Reception area plus two large open rooms
More about this property
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