799 Summit St, Elgin, IL 60120
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.
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ALDI Specialty Food Shop Supermarket
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
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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.