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53-63 Douglas Avenue

Elgin, IL 60120
  • $1,450,000
  • STATUS: Active
  • ON SITE: 371 Days
  • MLS #: 11679918
$1,450,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1889
County:
Area:

School Ratings & Info

Description

12 Units total on this iconic 3-Story Victorian Building. Originally known as the "McBride" building. Nicely updated and beautifully restored offices and store fronts. Many original features such as interior brick walls, tin ceilings, high ceilings and much more. Elevator building. New energy efficient floor to ceiling windows. This property is centrally located with City parking directly across the street and walking distance to Metra and Pace Bus. Retail spaces are 100% leased. Premier 2nd floor office space is available currently--would make great owner occupant space. Good rental history.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2023-12-05T23:57:30.62 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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53-63 Douglas Avenue Elgin, IL 60120

  • Price: $1,450,000
  • Status: Active
  • On Site: 371 Days
  • MLS #: 11679918
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1889
Built
Neighborhood:
Elgin
County:
Kane
Area:
Elgin
Property Description
12 Units total on this iconic 3-Story Victorian Building. Originally known as the "McBride" building. Nicely updated and beautifully restored offices and store fronts. Many original features such as interior brick walls, tin ceilings, high ceilings and much more. Elevator building. New energy efficient floor to ceiling windows. This property is centrally located with City parking directly across the street and walking distance to Metra and Pace Bus. Retail spaces are 100% leased. Premier 2nd floor office space is available currently--would make great owner occupant space. Good rental history.
Exterior Features

Exterior Building Type BrickFrame Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking Common ParkingOpenPublic Lot Parking Total 100

Interior Features

Cooling Central Air Heat Ventilation Central Bldg HeatForced Air Number Of TLDocks 0

Property Features

Additional Parcels YN No Building Area Total 15495 Electric Circuit Breakers Fire Protection Fire Extinguisher/sSmoke or Fire Protectors Gross Income 146028 Gross Scheduled Income 146028 Insurance Expense 4860 Leasable Area 7400 Location Central Business District Mls Actual Status Active Net Operating Income 99173 Number Of Tenants 8 Operating Expense 47336 Property Offered For Sale Only Property Sub Type Neighborhood Storefront Tax Annual Amount 19976 Tax Year 2021 Tenant Pays Varies by Tenant Total Monthly Income 9569 Township Elgin Type Retail/Stores Zoning COMMR

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max Horizon: 847-931-7500.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2023-12-05T23:57:30.62 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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