South Elgin, IL Strip Malls for Lease
- Elgin, IL
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Strip malls for Lease in Nearby Cities
South Elgin, IL Strip malls Lease Rates & Market Statistics
Explore 2 Strip malls for lease in South Elgin, IL on Realmo, a commercial real estate exchange covering the South Elgin area.
Asking lease rates for Strip malls in South Elgin start at $14 SF/Yr, average $14 SF/Yr, and reach $14 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $14 SF/Yr is 22% below the Illinois state average of $17.98 SF/Yr.
South Elgin accounts for 13% of the 16 strip malls currently available across Kane County, where nearby markets include Aurora and Batavia. Strip malls are one of the more limited space types in South Elgin, with just 2 listings currently available — a scarcity worth factoring into lease negotiations. Also worth a look for tenants weighing alternatives: Shopping centers (4 listings) elsewhere in the South Elgin market.
