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$990,000 Just Listed
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Property Description
Outstanding and very recognizable "Hines Building" Brick 2 Story with 14000 SF on a corner lot with multiple storefront/addresses. Currently being used as an office building but could easily be retail store spaces on the first floor and converted to residential use on the second floor. This building was completely remodeled in the 90's and has been maintained and upgraded intentionally since that time. New roofs on all the buildings in the past 4 years. Updated HVAC system's. Updated Electric throughout with copper wiring. New Exterior paint. Many of the windows are Pella with 1" glass. There is a Generac back up generator. The water service was upgraded and is set up for sprinklers to be added. The building is designed with a main entrance at 113 E. Highland. There are three storefront buildings along Douglas that are currently adjoining (20,22 and 24). The address 115 E. Highland is for the former bank space. The second floor of the bank space and 24 and 22 Douglas are all office space. The second floor of 20 Douglas is unfinished vacant space. The basement is partially finished. There are multiple baths and kitchenette spaces throughout. The ceiling height in much of the building is 14'-16' with tin ceilings. Beautiful original features as well as modernized upgrades. This building embodies an important place in downtown Elgin's history and it has been lovingly cared for and maintained, making it the perfect investment for the next owner.
Full Property Details
Full Property Details for 2024 Douglas Ave
General
- Price: $990,000
- Taxes: $18,448 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12588163
- Updated: 3/10/2026
- Added to Site: 2 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Elgin
- County: Kane
- Township: Elgin
- Driving Directions: SW corner of E. Highland Ave. and Douglas Ave. The building has an additional address of 113-115 E. Highland.
- Location Details: Northwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 14,124
- # of Stores: 2
- Year Built: 1881
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 8,316
- Lot Dimensions: 66 x 126
Financial Considerations
- Insurance Fee: $7,455
- Operating Expenses: $25,903
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1881
- Tax Amount: $18,448
- Tax Year: 2024
Disclosures and Reports
- Property ID: 614283019
Listed by RE/MAX Horizon
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Schools
Schools serving 2024 Douglas Ave
School District:School District U-46
| Name | Grades | Distance |
|---|---|---|
Mckinley Elementary School, Elgin, IL 258 Lovell Street, Elgin, IL 60120 | K-6 | 0.4 mi |
Larsen Middle School 665 Dundee Avenue, Elgin, IL 60120 | 7-8 | 0.7 mi |
Elgin High School 1200 Maroon Drive, Elgin, IL 60120 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2024 Douglas Ave
Date
Details
Price
Change
Source
3/09/2026
Listed
$990,000
—
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 2024 Douglas Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,449
4%
$230,526
11%
2023
$17,753
8%
$208,263
10%
2022
$16,466
4%
$189,900
7%
2021
$15,840
—
$177,543
5%
2021
$15,840
5%
$169,492
5%
2019
$15,079
—
$161,452
6%
2018
$15,037
-4%
$152,098
-1%
2017
$15,733
-3%
$152,965
1%
2016
$16,187
—
$151,775
9%
2015
$16,132
-7%
$139,116
1%
2014
$17,256
2%
$137,399
-3%
2013
$16,901
—
$141,023
—
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 2024 Douglas Ave
20-24 Douglas Avenue, Elgin, IL 60120 (MLS# 12588163) is a Commercial property. 20-24 Douglas Avenue is currently listed for $990,000 and was received on March 09, 2026. Want to learn more about 20-24 Douglas Avenue? Do you have questions about finding other Commercial real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.

