Property profile

799 Summit St Elgin, IL 60120

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 23,674 square foot commercial land parcel presents a remarkable investment opportunity in the thriving city of Elgin, Illinois. Located at 799 Summit Street, this property boasts a highly desirable Area Business (AB) zoning designation, opening doors to a wide array of commercial development possibilities. The strategic location on Summit Street, a high-traffic thoroughfare with an average daily volume of 13,700 vehicles, ensures exceptional visibility and accessibility for any future business. This prime location is further enhanced by its proximity to established and successful retailers, including an Aldi store, Walgreens, Marathon Gas station, and an AutoZone. The asking price for this exceptional land parcel is $175,000, representing a compelling value proposition in a rapidly growing market. The property's size and zoning provide ample flexibility for a variety of commercial ventures, making it an ideal investment for both seasoned developers and new entrepreneurs seeking a strategic foothold in a vibrant commercial corridor. The property is situated in Kane County, Illinois, and has a zip code of 60120. This is a rare opportunity to acquire a significant commercial land parcel in a prime location with excellent visibility and strong surrounding retail presence. Don't miss this chance to secure your place in Elgin's dynamic commercial landscape.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket

Location

799 Summit St Elgin, IL 60120
Elgin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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