$1,030,000
$1,300,000
20.8%For more information regarding the value of a property, please contact us for a free consultation.
39,350 SqFt
SOLD DATE : 09/11/2024
Key Details
Sold Price $1,030,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 39,350 sqft
Price per Sqft $26
MLS Listing ID 10557636
Sold Date 09/11/24
Year Built 1960
Annual Tax Amount $29,284
Tax Year 2022
Lot Size 0.480 Acres
Lot Dimensions 112X145X134X110X98
Property Sub-Type Office/Tech
Property Description
IN PLACE 10% CAP RATE - A 39,350 square foot office building in the heart of downtown Elgin is available for sale. Partially leased to Kane County, this building has great potential to add value. Additional tenants include doctors, legal firms and non-profits including Senior Service Associates. The L-shaped building features frontage on both Grove and Fulton St., with an adjacent free lot for parking. There is a common area break room and an elevator. A turn-key 2,700 square foot dental office and a 2,100 square foot office with riverviews are available.
Location
State IL
County Kane
Area Elgin
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Building
Level or Stories 2
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Bought with Mary Hager-Swanson • Swanson Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "