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17-27 N Grove Avenue

Elgin, IL 60120
  • $699,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • MLS #: 12199122
Under Contract
$699,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1880
County:
Area:

School Ratings & Info

Description

The "Galleria on North Grove" is available for sale along with the building to the North and the parking lot between the two buildings! This iconic Historic building is both visually stunning and is in excellent condition. Both buildings have been mechanically updated and fully modernized. The first floor of 25-27 Grove is leased to a tavern and the second floor is available for lease. Second floor can be two separate spaces. Second floor is currently office type use but could be converted to residential. 17 N. Grove first floor is leased to a salon and the second floor is a residential apartment. This is a one of kind opportunity to own two highly recognizable and visible properties in downtown Elgin along with a dedicated parking lot. Situated across from a large City parking lot and the Post Office/City Hall. Walking distance to Metra, Bus Station, Bike Trail, Restaurants, Shopping and all that downtown Elgin has to offer.

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© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-05T23:59:23.437 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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17-27 N Grove Avenue Elgin, IL 60120

  • Price: $699,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • MLS #: 12199122
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1880
Built
Neighborhood:
Kane
County:
Kane
Area:
Kane
Property Description
The "Galleria on North Grove" is available for sale along with the building to the North and the parking lot between the two buildings! This iconic Historic building is both visually stunning and is in excellent condition. Both buildings have been mechanically updated and fully modernized. The first floor of 25-27 Grove is leased to a tavern and the second floor is available for lease. Second floor can be two separate spaces. Second floor is currently office type use but could be converted to residential. 17 N. Grove first floor is leased to a salon and the second floor is a residential apartment. This is a one of kind opportunity to own two highly recognizable and visible properties in downtown Elgin along with a dedicated parking lot. Situated across from a large City parking lot and the Post Office/City Hall. Walking distance to Metra, Bus Station, Bike Trail, Restaurants, Shopping and all that downtown Elgin has to offer.
Exterior Features

Exterior Building Type Brick

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Number Of Dryers 1 Number Of Ranges 1 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 6344 Built Before1978 YN Yes Contingency Financing Continue To Show Yes Current Use Commercial Electric Circuit BreakersService - 101 to 200 Amps Fire Protection Fire Extinguisher/s Geographic Locale Northwest Suburban Gross Income 67200 Gross Scheduled Income 67200 Insurance Expense 8417 Mls Actual Status Contingent Net Operating Income 33388 Number Of Tenants 3 Operating Expense 33812 Property Sub Type Mixed Use Rental Price 0 Tax Annual Amount 13382 Tax Year 2023 Total Monthly Income 5600 Township Elgin Type Mixed Use Zoning COMMR

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of RE/MAX Horizon: 847-931-7500.


© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-05T23:59:23.437 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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