1200 Chicago StElgin, IL 60120

Property Details for 1200 Chicago St

Year built

1985

Lot size

2.06 AC

Property type

Other commercial real estate

APN

06-17-300-003

APU

617300003

Description

This exceptional commercial property, located at 1200 E. Chicago Street in Elgin, Illinois, presents a unique investment opportunity. The property encompasses a substantial 27,150 square feet of retail space, previously utilized as a bank. Situated on a generous 7.21-acre lot, the site boasts significant frontage and visibility on Chicago Street (Route 19), ensuring high traffic exposure. Multiple points of ingress and egress along Chicago Street provide convenient access. The property is zoned for commercial use, offering flexibility for a variety of businesses. While previously a bank, the building's history also includes use as an automobile dealership, and some furniture, fixtures, and equipment remain. The strong area demographics and daytime population create a favorable market for a wide range of commercial ventures. This prime location in Cook County, Illinois, zip code 60120, offers an unparalleled chance to establish a thriving business in a high-traffic area. The property's size and location make it ideal for redevelopment or repurposing to suit a variety of commercial needs. This is a rare opportunity to acquire a significant commercial property in a desirable location with excellent visibility and access.

• Alternative Use

  Use

  Valuation

  Residential

  $18,545,676

  Hospitality

  $16,987,738

  Educational

  $14,133,599

  Medical

  $14,619,675

  Retail

  $21,985,598

Location Insight

City

Elgin

County

Cook

State

Illinois

Latitude

42.0312

Longitude

-88.2422

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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