105 S Grove Avenue Elgin, IL ^$ 1,300,000

105 S Grove Avenue

^$ 1,300,000

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105 S Grove Avenue

Elgin, IL, 60120

^$ 1,300,000

Studio Baths0.0 Sq 39,350

Monthly Estimate*

^$ 8,640

105 S Grove Avenue, Elgin, IL 60120 - Image 1

Studio

Commercial Property for sale in Elgin, IL

for $1,300,000. This 39,350 square foot building was built in 1960 on a lot size of 0.48.

IN PLACE 10% CAP RATE - 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 riverviews are available.

Commercial Contingent

Price

^$ 1,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 29,284

Style

Lot Size

0.48

Year Built

1960

Town/City

Elgin

County/Region

Kane

MLS | Web ID

10557636

Features

General

Cooling Central Individual

Zoning COMMR

Year Built 1960

Electric Separate Meters

Tenant Pays Varies by Tenant

Stories 2

Township Elgin

Property SubType Medical Office

Tax Year 2022

Gross Income 255088

County Kane

Net Operating Income 131914

Operating Expense 0

Property Type Commercial Sale Office/Tech

Contingency Attorney/Inspection

Status Contingent

Directions From E Chicago St and N State St continue eastbound. Take a right on S Spring St 3 block until you arrive a

City Elgin

Total Units 14

MLS Area Elgin

Lot Size Square Feet 20909

Street Name Grove

Tax Annual Amount 29284

Additional Parcels Y/N N

Leasable Area 0

Days on Market 1643

Standard Status Active Under Contract

Exterior

Building Area Total 39350

Lot Dimensions 112X145X134X110X98

Lot Size Acres 0.48

Interior

Street Suffix Avenue

* Excluded Features

List By

Millennium Properties Re, Inc.

Broker

dhyman@mpirealestate.com

Affordability Calculator

$11,081

Per Month

Monthly Principal & Interest: $8,640
Monthly Property Taxes: $2,440
Monthly Home Insurance: --

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Down Payment

Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Elgin, IL

Average List Price ^$642,594

Percent of Sale Price 51%

About Elgin, IL

114,155 Population

21% Since 2002

^$61,828 Median Income

35.71 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/26/2023	$1,300,000		Listed Price

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105 S Grove Avenue, Elgin, IL, 60120 is a Commercial Property for sale at $1,300,000 with 39,350 sqft and a lot size of 0.48. 105 S Grove Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 60120 which is in Elgin, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/29/2024.

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105 S Grove Avenue

Commercial Property for sale in Elgin, IL

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