Closed

$670,000

Favorite

6,000

square ft

310 N Lafox (rt. 31) Street

SOUTH ELGIN, Illinois 60177

Closed / MLS #9506668 / Retail Store / South Elgin

Listing information updated 8/19/2017 at 4:15am

6000 SQ/FT. (PLUS FULL BASEMENT) STRIP CENTER LOCATED ON RT. 31 IN SOUTH ELGIN. EASY ACCESS,GOOD VISIBILITY, LOTS OF TRAFFIC. US POST OFFICE IS THE ANCHOR AND JUST RENEWED THEIR LEASE FOR 5 YEARS WITH A 5 YEAR OPTION. IT'S BUSY, PROFITABLE AND LOCAL DEMOGRAPHICS SUPPORT IT. MIDDLE TENANT HAS BEEN A LIQUOR STORE SINCE 1977 WITH MANY LOYAL CUSTOMERS, FRONT SPACE IS FOR LEASE FOR $2000/MO. (RENT INCOME REFLECTS THIS AMOUNT). GAS,WATER AND ELECTRIC PASS THRU TO EACH TENANT WITH THEIR OWN METERS. 1000 GALLON GREASE TRAP INCLUDED IN SALE. VACANT SPACE COULD BE DIVIDED INTO 3 600 SQ/FT. UNITS....WAS ORIGINALLY BUILT THAT WAY.

Full Features

Built:

1977

Parking Spaces:

Cooling System:

Central Individual

Stories:

Roof:

Membrane

Current Use:

Commercial

Potential Use:

Commercial, Retail

Zoning:

COMMR

Rentable Square Feet:

1,800

Building Square Feet:

6,000

Current Net Income:

$77,438

Taxes & Assessments

Tax Amount:

$20,663

Tax Year:

N/A

Location

Zip Code:

60177

City:

South Elgin

County:

Kane

Listing Office: RE/MAX Horizon

Listing Office Phone: 847.931.7500

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/19/2017 at 4:15am. 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.

South Elgin, IL

South Elgin has been recognized as one of the best places to live in the United States by Money Magazine and CNN Money. Known for its rich history, distinct culture, recreational opportunities, and beautiful natural surroundings, the village has grown while maintaining a small-town atmosphere. With...

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$388,246

Average Sale Price

Average Days On The Market

99%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

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310 N Lafox (rt. 31) Street is a retail store which sold for $670,000. This retail store has been listed on @properties since February 17th, 2017 and was built in 1977.