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Corner Retail Space
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734 W Chicago Street, Elgin, IL 60124

COMMERCIAL - Elgin, IL

Space Size2,375 SF
Days on Market98

Property Features for 734 W Chicago Street

General Information

Property type Commercial Lease
Property subtype Retail
Directions Rt 31 to Chicago St. West to property
Subdivision Elgin
Standard status Active

Taxes and HOA fees

Tax Year 2024

Utilities

Cooling system Central Air

Amenities

reception area
two large open rooms
interior bathrooms

Building Details

Year built 1965
Floors in Building 1
Number of units 12
Listing Agency: RE/MAX Horizon · RE/MAX International
Listed By: Ben Henrikson · License #475091643
Added: May 12 Changed: Aug 4 Last Checked: Aug 17 at 6:06PM
MLS# 12646353

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 2,375-square-foot corner suite is positioned within Oak Tree Plaza, a neighborhood strip center west of downtown Elgin. The layout includes a reception area, two spacious open rooms, and interior bathrooms, with central air serving the space. The suite can accommodate retail or office uses as described in the property information.

The property is located at 734 W Chicago Street in Elgin, within a residential area and near downtown. A large shared parking area serves the center. Rent includes taxes and CAM, while the tenant is responsible for its own utilities. The building dates to 1965.

Key Highlights

  • 2,375 SF corner unit in Oak Tree Plaza
  • Retail or office use potential
  • Reception area plus two large open rooms

Property Analytics

Current Use

Retail space

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

Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type

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

Lease Benchmarks for Elgin, IL

$18.42 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
3,934 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial suite with reception, open rooms, interior bathrooms, and central air in a neighborhood strip center.
Where is this retail space located?
The property is located at 734 W Chicago Street Elgin, IL.
What are key features of this property?
This property features: 2,375 SF corner unit in Oak Tree Plaza; Retail or office use potential; Reception area plus two large open rooms
More about this property
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