375-395 E State Street

South Elgin, IL 60177

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.

Listing Courtesy of MRED as distributed by MLS Grid of Infiniti Realty & Development, Inc.



Based on information submitted to the MLS GRID as of 2025-04-20 09:12 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-04-20 09:12 AM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.