Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1010 Chicago St Elgin, IL 60120

    Sponsored
    For Sale
    Contact for pricing

    Former Bank, 24,973 SF, 11 Acres

    Property size:
    24,973 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 1010 E Chicago St in Elgin, Illinois, presents a unique investment opportunity. The building encompasses approximately 24,973 square feet and sits on a sizable 11.16-acre lot. Previously used as a bank and more recently as an automobile dealership, the property offers significant versatility. The building is a single-story structure with commercial zoning, allowing for a wide range of potential uses. The property boasts substantial frontage and visibility on Chicago Street (Route 19), a major thoroughfare, ensuring high traffic exposure. Access is convenient with five points of ingress and egress along Chicago Street. The sale includes some existing furniture, fixtures, and equipment left behind from the previous automobile dealership. The strong area demographics and daytime population create a favorable market for a variety of businesses. This property's size, location, and zoning make it an ideal candidate for redevelopment or repurposing. The Cook County location and 60120 zip code provide easy access to major transportation routes and amenities. This is a rare opportunity to acquire a large, well-located commercial property with significant potential. The property's substantial size and prime location offer exceptional potential for a wide range of commercial ventures.

    Property Features for 1010 Chicago St

    General Information

    Property type
    Individual retail properties
    Square Feet
    24,973 SF
    Lot Size
    486,130 SF

    Building Details

    Stories
    1

    HighLights

    • 24,973 SF former bank building available for sale.
    • 11.16‑acre lot.
    • Commercially zoned.
    • High‑traffic location with strong demographics.
    • Includes some existing furniture, fixtures, and equipment.
    • Excellent street visibility and access on Route 19 (Chicago Street).
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.251479133349
    Latitude
    42.033331449798

    Nearby Similar for Sale

    • New
      $898,000
      0.59 Acres

      Modernized Office/Medical Building on Route 58

      Fully renovated office building with high visibility and flexible layouts.
      1 American Way, Elgin, IL 60120
      View Details
    • $1,350,000
      0.90 Acres

      Elgin Industrial Building with Heavy Power

      Well-maintained industrial building ideal for large-scale production and heavy machinery.
      303 Elgin Ave, Elgin, IL 60120
      View Details
    • $448,900
      0.33 Acres

      Elgin Multi-Family Investment Opportunity

      Three-unit property near downtown Elgin with value-add potential.
      518 St South, Elgin, IL 60123
      View Details
    • $349,900
      0.26 Acres

      Elgin Commercial Building For Sale

      Single-story office building on a prime corner lot in Elgin.
      530 N Mclean Blvd, Elgin, IL 60123
      View Details
    • $425,000
      0.50 Acres

      Prime Office Space in Elgin

      6,326 SF office space in a busy commercial area.
      85 Market St, Elgin, IL 60123
      View Details
    • $299,000
      0.67 Acres

      Luxury Office Condo in Elgin

      Remodeled 4,000 SF office condo with high-end finishes.
      472 N Mclean Blvd, Elgin, IL 60123
      View Details
    • $245,000
      0.33 Acres

      Former Daycare Facility in Elgin

      3,025 sqft commercial building near Eagle Heights subdivision.
      1560 Weatherstone Ln, Elgin, IL 60123
      View Details
    • $115,000

      Elgin 55+ Community Residence

      Move-in ready 2 bed, 1.1 bath unit in Elgin.
      801 N Mclean Blvd, Elgin, IL 60123
      View Details
    • $305,000
      1,800 SF

      Spacious Townhome in Fieldstone

      Three-bedroom, 2.5-bath townhome with ample storage and green space.
      727 Littleton Trl, Elgin, IL 60120
      View Details
    • Contact for pricing
      442,601 SF

      Versatile Warehouse and Office Facility

      442,601 SF facility with balanced warehouse and office space.
      1717 Gifford Rd, Elgin, IL 60120
      View Details
    • $315,000
      1,904 SF

      Meticulously Maintained Townhome with Sunset Views

      Spacious three-bedroom townhome with modern upgrades and sunset views.
      962 Ascot Dr, Elgin, IL 60123
      View Details
    • $318,900
      2,058 SF

      Spacious Townhouse with First-Floor Suite

      Townhouse with first-floor primary suite in unbeatable location.
      503 Shagbark Dr, Elgin, IL 60123
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Former Bank, 24,973 SF, 11 Acres
    Where is this individual retail property located?
    The property is located at 1010 Chicago St Elgin, IL.
    What are key features of this property?
    This property features: 24,973 SF former bank building available for sale.; 11.16-acre lot.; Commercially zoned.
    Request Owner's contact information
    1010 Chicago St Elgin, IL 60120
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1010 Chicago St
    Elgin, IL 60120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1010 Chicago St Elgin, IL 60120
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.