375-395 E State Street South Elgin, IL $ 670,000
375-395 E State Street
$ 670,000
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375-395 E State Street

South Elgin, IL, 60177
$ 670,000
Bedrooms-- Baths-- Sq 8,880

Monthly Estimate*

$ 4,125

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Commercial Property for sale in South Elgin, IL

for $670,000. This 8,880 square foot building was built in 1955 on a lot size of 0.315496.

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.

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Commercial Active

Price

$ 670,000

Property Type

Commercial

Taxes

$ 12,837

Style

Retail

Lot Size

0.315496

Year Built

1955

Town/City

South Elgin

County/Region

Kane

MLS | Web ID

12339546

Features
General
Cooling Central Air
Year Built 1955
Electric Circuit Breakers Separate Meters Service - 0 to 100 Amps Service - 101 to 200 Amps
Stories Count 2
Tax Year 2023
Business Type Retail
County Kane
Net Operating Income 65240
Property Type Commercial Sale Retail/Stores
Status Active
Directions Rt. 25 to Gilbert St turn R to E State St to 375 E State St.
City South Elgin
Number Of Units Total 4
MLS Area South Elgin
Lot Size Square Feet 13743
Tax Annual Amount 12837
Additional Parcels Y/N N
Leasable Area 8880
Standard Status Active
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Exterior
Building Area Total 8880
Lot Dimensions 13743
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* Excluded Features
List By
Infiniti Realty & Development, Inc.

Broker

tim@timecapitalllc.com

Email

Affordability Calculator

$5,195
Per Month
79%
21%
0%
Monthly Principal & Interest
$4,125
Monthly Property Taxes
$1,070
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/29/2025$670,000 -4.29% Price Down
7/12/2025$699,999 -2.78% Price Down
4/16/2025$720,000 Listed Price

Map


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375-395 E State Street, South Elgin, IL, 60177 is a Commercial Property for sale at $670,000 with 8,880 sqft and a lot size of 0.315496. 375-395 E State Street was built in 1955. The property's zip code is 60177 which is in South Elgin, IL