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    1350 Chicago St Elgin, IL 60120

    Sponsored
    For Lease
    Contact for pricing

    Elgin, IL Shopping Center Opportunity

    Lot size:
    32,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    High Point Plaza, a single-story, 32,600 square foot shopping center in Elgin, Illinois, offers exceptional retail space. Built in 2008, this property boasts 23 suites, ample parking (210 spaces), and a prime location at the highly visible, well-lit intersection of East Chicago Street and Shales Parkway in Cook County. The center benefits from significant traffic volume due to its strategic placement within a mixed residential and industrial community, close proximity to I-90 (within 5 miles), and other Elgin shopping districts. Currently, the center houses a diverse range of established businesses, including a Subway, dentist's office, Verizon store, staffing agency, State Farm, grocery store, barbershop, ice cream shop, sports bar and grill, hot dog restaurant, medical center, pet groomer, hair and nail salons, vape shop, Hertz rental, financial services, Mexican restaurant, and liquor store. The property is zoned AB and features 100 amps of 3-phase power. Two spaces are currently available, ranging from 900 to 1,500 square feet. This self-managed property offers responsive management to address tenant needs and property issues. The property developers also have additional leasing and sales opportunities in surrounding areas including Schaumburg, Roselle, Hoffman Estates, Elk Grove, Carol Stream, Geneva, and Round Lake.

    Property Features for 1350 Chicago St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,600 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Unit 27
    Size
    1,500 SF
    Space
    Unit 5
    Size
    900 SF

    HighLights

    • 32,600 square foot single‑story shopping center in Elgin, IL.
    • 23 suites available, with two spaces currently available ranging from 900 to 1,500 square feet.
    • Ample parking with 210 spaces.
    • Built in 2008, with an automatic fire sprinkler system.
    • Located at the highly visible intersection of East Chicago Street and Shales Parkway in Cook County, IL, near I‑90.
    • Zoned AB (verify permitted uses with City of Elgin).
    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
    -88.238126150718
    Latitude
    42.031266571101

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    FAQs

    What type of property is this?
    Lifestyle center - Elgin, IL Shopping Center Opportunity
    Where is this lifestyle center located?
    The property is located at 1350 Chicago St Elgin, IL.
    What are key features of this property?
    This property features: 32,600 square foot single-story shopping center in Elgin, IL.; 23 suites available, with two spaces currently available ranging from 900 to 1,500 square feet.; Ample parking with 210 spaces.
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    Elgin, IL 60120
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    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
    1350 Chicago St Elgin, IL 60120
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