375-395 E State Street, South Elgin, IL 60177
- $670,000
- $699,999
Description
This well-maintained 4-unit mixed-use strip center presents an excellent investment opportunity with a strong mix of stable income and future upside. Located on a high-visibility corner lot totaling 13,743 square feet, the property features a two-story structure with 8,880 square feet of space. The ground floor includes three retail units, two of which are currently leased below market rent, while the third is leased near market rates. The second floor, configured for office use, is currently vacant, providing the potential for additional rental income or use by an owner-occupant. Ample on-site parking and strong frontage on a high-traffic corridor enhance the property’s appeal for retail, office, or service-oriented businesses. With below-market leases, immediate leasing opportunities, and flexible use options, this asset is well-positioned for value growth and strong long-term returns.
- Listing Courtesy of: Infiniti Realty & Development, Inc.
Details
Updated on June 20, 2026 at 1:09 am-
Property ID MRD12339546
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Price $670,000
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Year Built 1955
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Property Type Bad
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Property Status Active
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Parcel Number 0635262002
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MLS Status Active
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Co List Agent MLS ID MRD28920
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Days On Market 431
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Cumulative Days On Market 380
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Tax Annual Amount 12837
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Cooling Central Air
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Directions Rt. 25 to Gilbert St turn R to E State St to 375 E State St.
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Association Fee Frequency Not Applicable
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BuildingAreaTotal 8880
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LotSizeSquareFeet 13743
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StoriesTotal 2
Address
Open on Google Maps- Address 375-395 E State Street
- City South Elgin
- State/county IL
- Zip/Postal Code 60177
- Country United States
Overview
- Bad
- 1955
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