Address
1112-20 South Street, Elgin, IL
Price
$ 1,250,000
Property Attributes
  • MLS#11924800
  • TypeCommercial
  • CountyKANE
  • CityElgin
  • AreaElgin
  • Zip60123
  • Style
  • Year Built1953
  • Taxes$ 30552
  • Price$ 1,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18252
  • Lot Size0.956612 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Sunset Center is strategically located on South Street, S Aldine and S Alfred on the west side. The City of Elgin estimates 8000 cars pass by daily creating great visibility. The Strip Mall is comprised of 10 self-contained retail units totaling 18,252 square feet with an additional 15,000 square feet of rental storage space and 75 parking spaces. Eight of the ten units are currently occupied with a mix of popular local retailers and services. Storage space is fully rented out. Great investment opportunity with established businesses and additional storage rental income in place.

Price History
11/18/2023 Listed $1,250,000

General Features

Cooling Central Air
Possession Closing
Zoning RTAIL
Year Built 1953
Electric Circuit Breakers
Tenant Pays Air Conditioning,Electricity,Heat,Janitorial Service,Sewer
Stories 1
Township Elgin
Property SubType Strip Center
Tax Year 2022
Gross Income 146916
County Kane
Net Operating Income 101624
Insurance Expense 4943
Property Type Commercial Sale
Status Active
Directions Sunset Center Strip Mall Lillian to South Street
City Elgin
Total Units 10
MLS Area Elgin
Lot Size Square Feet 41670
Street Name South
Tax Annual Amount 30552
Electric Expense 2284
Trash Expense 3033
Additional Parcels Y/N No
Days on Market 164
Standard Status Active
Property Type Retail/Stores

Interior Features

Street Suffix Street

Exterior Features

Foundation Details Concrete Perimeter
Building Area Total 18252
Lot Dimensions 41670 SQ FT
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60123

Price
AVG $170K
$1.25M
Taxes
AVG $14,691
$30,552
Visits
AVG 167
352
Data Provided by Inside Real Estate®
Year Built
AVG 1978
1953
Walkscore
AVG 52
75
Data Provided by Walkscore® not using MLS data

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