20-24 Douglas Avenue Elgin, IL $ 990,000
20-24 Douglas Avenue
$ 990,000
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20-24 Douglas Avenue

Elgin, IL, 60120
$ 990,000
Bedrooms-- Baths-- Sq 14,124

Monthly Estimate*

$ 6,096

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Commercial Property for sale in Elgin, IL

for $990,000. This 14,124 square foot building was built in 1881 on a lot size of 0.190909.

Outstanding and very recognizable "Hines Building" Brick 2 Story with 14000 SF on a corner lot with multiple storefront/addresses. Currently being used as an office building but could easily be retail store spaces on the first floor and converted to residential use on the second floor. This building was completely remodeled in the 90's and has been maintained and upgraded intentionally since that time. New roofs on all the buildings in the past 4 years. Updated HVAC system's. Updated Electric throughout with copper wiring. New Exterior paint. Many of the windows are Pella with 1" glass. There is a Generac back up generator. The water service was upgraded and is set up for sprinklers to be added. The building is designed with a main entrance at 113 E. Highland. There are three storefront buildings along Douglas that are currently adjoining (20,22 and 24). The address 115 E. Highland is for the former bank space. The second floor of the bank space and 24 and 22 Douglas are all office space. The second floor of 20 Douglas is unfinished vacant space. The basement is partially finished. There are multiple baths and kitchenette spaces throughout. The ceiling height in much of the building is 14'-16' with tin ceilings. Beautiful original features as well as modernized upgrades. This building embodies an important place in downtown Elgin's history and it has been lovingly cared for and maintained, making it the perfect investment for the next owner.

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Commercial Active

Price

$ 990,000

Property Type

Commercial

Taxes

$ 25,459

Style

Lot Size

0.190909

Year Built

1881

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12588163

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected
Construction Materials Brick
Year Built 1881
Electric Circuit Breakers Over 600 Amps
Stories Count 2
Township Elgin
Property Subtype Mixed Use
Tax Year 2024
Gross Income 0
County Kane
Operating Expense 32914
Insurance Expense 7455
Property Type Commercial Sale Mixed Use
Status New
Directions SW corner of E. Highland Ave. and Douglas Ave. The building has an additional address of 113-115 E. Highland.
City Elgin
Number Of Units Total 4
MLS Area Elgin
Lot Size Square Feet 8316
Tax Annual Amount 25459
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Water Source Municipal Water
Building Area Total 14124
Lot Dimensions 66x126
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* Excluded Features
List By
Re/Max Horizon

Broker

benhenrikson@remax.net;benhenrikson@gmail.com

Email

Affordability Calculator

$8,217
Per Month
74%
26%
0%
Monthly Principal & Interest
$6,096
Monthly Property Taxes
$2,122
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
3/10/2026$990,000 Listed Price

Map


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20-24 Douglas Avenue, Elgin, IL, 60120 is a Commercial Property for sale at $990,000 with 14,124 sqft and a lot size of 0.190909. 20-24 Douglas Avenue was built in 1881. The property's zip code is 60120 which is in Elgin, IL