Active
375-395 State Street
South Elgin, IL 60177
$670,000 ▼ $50,000 from $720,000
0beds
0baths
—sqft
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeCommercial Sale
Year built1955
Lot size—
Annual tax$12,837
CountyKane
MLS #MRD12339546
Days on market365
Features
Cooling
Central Air
Listed by
Infiniti Realty & Development, Inc.
Timothy Winkler · 630-903-8663
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/23/2026, 12:11:02 PM. All data should be independently verified.
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