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1112-20 South Street, Elgin, IL 60123
$1,250,000
1112-20 South Street, Elgin, IL 60123View this property at 1112-20 South Street, Elgin, IL 60123
1112-20 South StreetElginIL60123
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Property Description
Sunset Center is strategically located on South Street, S Aldine and S Alfred on the west side. The City of Elgin estimates 8000 cars pass by daily creating great visibility. The Strip Mall is comprised of 10 self-contained retail units totaling 18,252 square feet with an additional 15,000 square feet of rental storage space and 75 parking spaces. Eight of the ten units are currently occupied with a mix of popular local retailers and services. Storage space is fully rented out. Great investment opportunity with established businesses and additional storage rental income in place.
Full Property Details
Full Property Details for 1112-20 South St
General
- Price: $1,250,000
- Taxes: $30,552 (2022)
- Status: Active
- Type: Retail
- MLS ID: 11924800
- Updated: 4/29/2024
- Added to Site: 163 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Parking
- Parking Features: 51 to 100 Spaces
Location
- Area: Elgin
- County: Kane
- Township: Elgin
- Driving Directions: Sunset Center Strip Mall Lillian to South Street
- Location Details: High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Trash: 3033
Structural Information
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Drive-In Doors: 1
- Stories/Levels: 1
- Square Feet: 18,252
- Year Built: 1953
Unit Information
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 41,670
- Lot Dimensions: 41670 SQ FT
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $4,943
- Other Fee: $19,644
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1953
- Tax Amount: $30,552
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Sewer
- Pays Electric: 2284
- Pays Trash: 3033
Disclosures and Reports
- Property ID: 622227017
Listed by Berkshire Hathaway HomeServices Starck Real Estate
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Price & Sales History for 1112-20 South St
Date
Details
Price
Change
Source
11/18/2023
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1112-20 South St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$28,337
4%
$326,801
7%
2021
$27,259
—
$305,535
5%
2021
$27,259
5%
$291,681
5%
2019
$25,950
—
$277,845
6%
2018
$25,878
-4%
$261,747
-1%
2017
$27,075
-4%
$263,239
-1%
2016
$28,311
—
$265,450
9%
2015
$28,215
-12%
$243,309
-4%
2014
$31,977
20%
$254,611
-3%
2013
$26,619
—
$261,328
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1112-20 South St
1112-20 South Street, Elgin, IL 60123 (MLS# 11924800) is a Retail property. 1112-20 South Street is currently listed for $1,250,000 and was received on November 18, 2023. Want to learn more about 1112-20 South Street? Do you have questions about finding other Retail real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.