601 Hill Ave Elgin, IL 60120
This exceptional 1,594 square foot mixed-use property at 601 Hill Avenue in Elgin, Illinois presents a unique investment opportunity. Currently operating as a church, it's zoned CF (Community Facility), allowing for a wide range of potential uses including financial institutions, insurance agencies, real estate offices, schools, and educational services. The main floor boasts a spacious, open meeting area (27' x 38') ideal for various configurations, previously used as a sanctuary, featuring 10-foot ceilings. Additional main floor space includes a small AV room, a dedicated office, and a classroom area (12' x 18'). The lower level offers significant added functionality with an open kitchen, a recreation area, and two bathrooms. The building is equipped with central air conditioning and gas/forced air heating. Currently enjoying a tax-exempt status, this property offers substantial financial advantages. The property sits on a large, fully fenced corner lot, providing ample space and excellent visibility. This versatile property is ready for its next chapter, offering a compelling blend of functionality, location, and financial benefits. Its adaptability makes it an attractive prospect for a diverse range of businesses and organizations seeking a well-maintained space in a thriving Elgin community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.