Elgin, IL 60120 1 AMERICAN Way
$997,000



58 more


























































Presented By: RE/MAX American Dream
Home Details
Prime Freestanding Office/Medical/Flex Building - Modernized Luxury on Route 58 1 American Way, Elgin, IL 60120 8,728 SF | Office | Medical | Finance | Flex | Owner-User or Investment Opportunity Strategically positioned with 165 feet of frontage on high-traffic Route 58 (Summit Street), this impressive solid-brick commercial building offers exceptional visibility and accessibility. Originally built in 1988 and fully renovated in 2023, the property exudes modern elegance with high-end finishes throughout - including imported Italian flooring, designer lighting, and custom wall treatments. The two-story building comprises approximately 8,728 square feet, currently configured into four individual suites: Two upper-level suites: 1,720 SF each Two lower-level suites: 2,000 SF each Each unit features separately metered utilities, providing flexibility for single or multiple tenant configurations. Interior common areas are equipped with ADA-compliant restrooms on both floors and are accessible by a passenger elevator, ensuring convenience for all users. Highlights: Fully renovated in 2023 with luxury-grade finishes Elevator access to all levels Flexible floor plans - suites may be combined Individually metered units Ample on-site parking for staff and guests Ideal for medical, financial, professional office, or owner-user setups Excellent signage and visibility on Route 58 For full property details, photos, and virtual tour, visit: oneamericanway*com
Presented By: RE/MAX American Dream
Interior Features for 1 AMERICAN Way
Other Interior Features
FlooringMarble
General for 1 AMERICAN Way
Additional Parcels Y/NNo
Cap Rate10.6
CityElgin
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseMedical/Dental
DirectionsSUMMIT (RT. 58) EAST OF RT. 25
ElectricCircuit Breakers
Gross Income168000
Leasable Area8700
Lease TypeModified Gross
Lot Size Square Feet26120
MLS AreaElgin
Net Operating Income106561
Number Of Units Total4
Operating Expense5520
PossessionClosing
Possible UseCommercial, Office, Retail
Property TypeCommercial Sale
Property TypeOffice/Tech
RoofComposition
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount56349
Tax Year2023
Tenant PaysCommon Area Maintenance, Electricity, Heat, Taxes
TownshipHanover
Virtual TourClick here
Year Built1988
ZoningCOMMR
Exterior for 1 AMERICAN Way
Building Area Total8728
Frontage TypeCity Street
Lot Dimensions161 X 164
Lot Size Acres0.59
Additional Details
Price History

SQFT • 8,728