85 Market St Elgin, IL 60123
- Commercial real estate
- 6,326 SF
Current Use by Public Records
- Compton Law Group / Law Firm
- James Young Law / Law Firm / Financial Advisor
- Brighter Side Counseling LLC / Crisis Center / Medical Clinic
- Flanagan Patrick / Law Firm
- Liam Dixon Law Offices / Law Firm
Property Details for 85 Market St
- Year built
- 1977
- Property size
- 6,326 SF
- Property type
- Commercial real estate
- APN
- 06-15-304-030
- APU
- 615304030
Description
This exceptional 6,326 square foot office building, situated on a half-acre lot at 85 Market Street in Elgin, IL, presents a unique investment opportunity. Previously occupied by the prominent law firm of Brittain & Ketcham, this well-established building boasts a prime location in a bustling commercial area on Elgin's West Side. The property features a secure air-lock entry system, ensuring the safety and privacy of tenants and visitors. Public restrooms are conveniently located for shared use, while a private restroom is available within one of the first-floor offices. Three of the four rentable office spaces include dedicated receptionist areas, enhancing operational efficiency. The building also offers the convenience of conference rooms on both the first and second floors, ideal for meetings and presentations. Ample parking is available on-site, addressing the parking needs of both employees and clients. The building's excellent visibility from Market Street ensures high exposure and brand recognition for any business. This property is ready for immediate occupancy and offers a rare chance to acquire a well-maintained, established office building in a highly desirable location. The building's history as a successful law firm office speaks to its suitability for a variety of professional uses. The combination of prime location, ample space, and desirable features makes this an exceptional opportunity for a discerning buyer.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $726,000
- AI Estimate
- $524,000
Market price range: $524k - $2.42MMarket price range: $268k - $1.10M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $895,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $760,000 Change: -15% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Elgin
- County
- Kane
- State
- Illinois
- Longitude
- -88.3203
- Latitude
- 42.0357
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA