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
ModificationTimestamp2025-06-23T22:21:01.842Z
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
