$325,000
$375,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
23 DOUGLAS AVE Elgin, IL 60120
3,284 SqFt
Key Details
Sold Price $325,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,284 sqft
Price per Sqft $98
MLS Listing ID 12307329
Sold Date 07/01/25
Year Built 1920
Annual Tax Amount $7,909
Tax Year 2023
Lot Dimensions 23X73
Property Sub-Type Mixed Use
Property Description
THIS IS A HANDSOME HISTORIC BRICK BUILDING IN DOWNTOWN ELGIN, SUITABLE FOR A MIX OF USES. FIRST FLOOR TOTALS 1642 SQ.FT, THE SECOND FLOOR IS APPROXIMATELY 1330 SQ/FT, PLUS THERE IS ANOTHER 1500 SQ.FT. IN A FULLY FINISHED BASEMENT, WHICH HAS A SEPARATE STREET ACCESS. THE SPACE IS CURRENTLY BUILT OUT AS A PROFESSIONAL OFFICE, BUT A MIX OF RETAIL, OFFICE, AND MAYBE RESIDENTIAL IS A POSSIBILITY. IT IS POSSIBLE TO MODIFY THE SECOND STORY FOR A TOTAL OF 1642 SQ.FT. TO ACCOMODATE MORE OFFICE/RETAIL SPACE OR FOR A RESIDENTIAL UNIT. THERE IS EXCELLENT VISIBILITY ON THE CORNER OF HIGHLAND AND DOUGLAS AVENUES, A HIGH-TRAFFIC AREA IN DOWNTOWN ELGIN. A SIZEABLE, FREE, CITY PARKING LOT IS LOCATED KIDDIE-CORNER TO THIS SITE. THE BUILDING HAS BEEN UPGRADED WITHIN THE LAST FOUR YEARS WITH A NEW ROOF, NEW WINDOWS, FURNACE, A/C, AND EXTERIOR PAINTING. THIS LOCATION COULDN'T BE ANY BETTER FOR A DOWNTOWN ADDRESS, AS IT IS IN THE CENTER OF EVERYTHING. CITY GRANTS ARE POSSIBLE FOR FACADE IMPROVEMENTS AND ADA ITEMS. MAKE SURE TO VIEW THE RENDERING PDF IN THE ADDITIONAL DOCUMENT PULL-DOWN MENU. IT SHOWS WHAT MIGHT BE POSSIBLE IF A NEW OWNER WANTS TO RESTORE THE EXTERIOR.
Location
State IL
County Kane
Area Elgin
Zoning COMMR
Interior
Cooling Central Air, Zoned
Flooring Carpet, Tile, Wood
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Building
Water Municipal Water
Level or Stories 2
Structure Type Brick
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Ayman Mryan • ARNI Realty Incorporated
Erin Booker | Ellis Booker | Andrew Austria
Real Estate Team | License ID: 475.192053