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$670,000
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Property Description
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.
Full Property Details
Full Property Details for 375-395 E State St
General
- Price: $670,000
- Taxes: $12,837 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12339546
- Updated: 9/4/2025
- Added to Site: 301 day(s) ago
Business
- Business Type: Retail
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: South Elgin
- County: Kane
- Driving Directions: Rt. 25 to Gilbert St turn R to E State St to 375 E State St.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas, Hot Water
Structural Information
- Stories/Levels: 2
- Square Feet: 8,880
- Year Built: 1955
Lot Features
- Lot Size (Sq. Ft.): 13,743
- Lot Dimensions: 13743
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1955
- Tax Amount: $12,837
- Tax Year: 2023
Disclosures and Reports
- Property ID: 635262002
Listed by Infiniti Realty & Development, Inc.
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Price & Sales History for 375-395 E State St
Date
Details
Price
Change
Source
8/29/2025
Price Reduced
$670,000
-4.29%
MLS
7/12/2025
Price Reduced
$699,999
-2.78%
MLS
4/15/2025
Listed
$720,000
—
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 375-395 E State St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,365
4%
$169,360
11%
2023
$12,837
7%
$153,004
10%
2022
$12,006
6%
$139,513
7%
2021
$11,359
—
$130,435
5%
2021
$11,359
6%
$124,520
5%
2019
$10,688
—
$118,613
6%
2017
$10,700
-4%
$112,378
-1%
2016
$11,155
-21%
$113,322
-14%
2015
$14,046
48%
$131,401
64%
2014
$9,492
-10%
$80,351
-28%
2018
$10,532
34%
$111,741
35%
2013
$7,866
—
$82,471
—
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 375-395 E State St
375-395 E State Street, South Elgin, IL 60177 (MLS# 12339546) is a Commercial property. 375-395 E State Street is currently listed for $670,000 and was received on April 15, 2025. Want to learn more about 375-395 E State Street? Do you have questions about finding other Commercial real estate for sale in South Elgin? You can browse all South Elgin real estate or contact a Coldwell Banker agent to request more information.

