Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1 American Way Elgin, IL 60120

    Sponsored
    For Sale
    $898,000

    COMMERCIAL - Elgin, IL

    Type:Office
    Lot size:
    0.59 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 6 at 4:06 pm

    Property Features for 1 American Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    COMMR
    APN
    06073020660000
    Lot size
    0.59 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Marble
    Building materials
    Brick
    Roof type
    Composition

    Re/Max American Dream (847) 495-5555 [email protected]

    Listing agent Luigui Corral (224) 286-4186

    Listing date Jan 2, 2026

    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.

    Overview

    Modernized Office/Medical Building on Route 58

    This solid-brick commercial building, originally constructed in 1988 and fully renovated in 2023, offers approximately 8,728 square feet of office, medical, finance, or flex space. The property is strategically positioned with 165 feet of frontage on Route 58 (Summit Street), providing high visibility and accessibility. The two-story building is configured into four individual suites: two upper-level suites of 1,720 square feet each and two lower-level suites of 2,000 square feet each. Each unit has separately metered utilities, allowing for single or multiple tenant configurations. Interior common areas include ADA-compliant restrooms on both floors and a passenger elevator. The property, located in Elgin, IL, is suitable for medical, financial, professional office, or owner-user setups. It features luxury-grade finishes, including imported Italian flooring, designer lighting, and custom wall treatments. The property includes ample on-site parking for staff and guests and is situated on a 0.59-acre lot. The building offers excellent signage opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elgin Primary Care Medical Clinic Alexian Brothers Medical ... Medical Clinic Geeti Ghosh M.D. Pediatrician cshe elgin Association Or Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2569776
    Latitude
    42.0459881

    Nearby Similar for Sale

    • $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
    • $305,000
      1,745 SF

      Updated Townhome with Spacious Loft

      Updated 2-bedroom townhome with loft, new appliances, and 2-car garage.
      415 Victoria Ln, Elgin, IL 60124
      View Details

    FAQs

    What type of property is this?
    Office building - Fully renovated office building with high visibility and flexible layouts.
    Where is this office building located?
    The property is located at 1 American Way Elgin, IL.
    What is the asking price?
    The asking price for this property is $898,000.
    What are key features of this property?
    This property features: - Fully renovated in 2023 with luxury-grade finishes, including imported Italian flooring and designer lighting.; - Prime location with 165 feet of frontage on high-traffic Route 58, offering excellent visibility and accessibility.; - Flexible floor plans with four individual suites and separately metered utilities, suitable for single or multiple tenants.
    (224) 286-4186
    Request Owner's contact information
    1 American Way 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.
    1 American Way
    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
    1 American Way 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.