Elgin, IL 60120 20-24 Douglas Avenue
$895,000



21 more





















Presented By: RE/MAX Horizon
Home Details
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 with 6" insulation added 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 main 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. Also included in this sale is 113 E. Highland Ave. which has a PIN of 06-14-283-020.
Presented By: RE/MAX Horizon
General for 20-24 Douglas Avenue
Additional Parcels Description0614283020
Additional Parcels Y/NYes
CityElgin
Construction MaterialsBrick
CoolingCentral Air
CountyKane
DirectionsSW corner of E. Highland Ave. and Douglas Ave. The building has an additional address of 113-115 E. Highland.
ElectricCircuit Breakers, Over 600 Amps
Electric Expense
Fuel Expense
Gross Income
Insurance Expense7455
Lot Size Square Feet8316
MLS AreaElgin
Number Of Units Total4
Operating Expense32914
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount25459
Tax Year2024
TownshipElgin
Trash Expense0
UtilitiesElectric to Site, Natural Gas Available, Sewer Connected
Water Sewer Expense0
Year Built1881
Exterior for 20-24 Douglas Avenue
Building Area Total14124
Lot Dimensions66x126
Water SourceMunicipal Water
Additional Details
Price History

SQFT • 14,124