Value-Add Office Building in Downtown Elgin
The Details
- 39,350 SF office building
- Located in historic downtown Elgin
- Partially leased to Kane County
- L-shaped building with frontage on both Grove St. and Fulton St.
- Tenants include doctors, legal firms, and non-profits
- Many long-term tenants
- Potential to add value thru leasing
- Turn-key dental office available
- Gross Annual Rent: $255,088.80
- Scheduled 2023 NOI: $131,914.80
- Land Area: 20,909 SF
- Zoning: CC1, Central Area TIF
A 39,350 square foot office building in the heart of downtown Elgin is available for sale. Partially leased to Kane County, this building has great potential to add value. Additional tenants include doctors, legal firms and non-profits including Senior Service Associates. The L-shaped building features frontage on both Grove and Fulton St., with an adjacent free lot for parking. There is a common area break room and an elevator. A turn-key 2,700 square foot dental office and a 2,100 square foot office with river views are available.
The eighth-largest city in Illinois, Elgin is located approximately 35 miles northwest of Chicago. The city is a mix of urban and suburban living, with its revitalizing downtown and new developments and historic architecture.
Property Inquiry
Related Properties
