South Elgin, IL 60177 375-395 E State Street
$720,000



12 more













Presented By: Infiniti Realty & Development, Inc.
Home Details
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.
Presented By: Infiniti Realty & Development, Inc.
General for 375-395 E State Street
Additional Parcels Y/NNo
Business TypeRetail
CitySouth Elgin
CoolingCentral Air
CountyKane
DirectionsRt. 25 to Gilbert St turn R to E State St to 375 E State St.
ElectricCircuit Breakers, Separate Meters, Service - 0 to 100 Amps, Service - 101 to 200 Amps
Leasable Area8880
Lot Size Square Feet13743
MLS AreaSouth Elgin
ModificationTimestamp2025-04-22T05:07:22.867Z
Net Operating Income65240
Number Of Units Total4
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount12837
Tax Year2023
Year Built1955
Exterior for 375-395 E State Street
Building Area Total8880
Lot Dimensions13743
Additional Details
Price History
