271 S State Street, ELGIN IL 60123 Photo 1 271 S State Street, ELGIN IL 60123 Photo 2
Listing Courtesy of Premier Commercial Realty

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271 S State Street - Great opportunity for investor/user. 12% cap rate on this mixed use 2-story brick building with (4) apartments, all currently leased; (2) storefronts; and full basement for storage. Located at the lighted intersection of National Street and Route 31, just one block from the Grand Victoria Elgin riverboat casino. See attached operating statement.

Listing information

  • MLS® ID: 09007555
  • Status: Active with Contingency
  • New Construction: No
  • County: Kane
  • Style: Mixed Use
  • Stories: 2
  • Foreclosure: No
  • Year Built: 1930
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $9,150

Features

Air Conditioning Window Unit/s
Approximate Age Older
Built Before 1978 (Y/N) Yes
Construction Brick
Contingency Flag Other Contingency
Current Use Commercial, Other
Electrical Service 101-200 Amps, Circuit Breakers, Separate Meters
Exterior Building Type Brick
Fire Protection Fire Extinguisher/s, Smoke or Fire Protectors
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Geographic Locale Northwest Suburban
Heat/Ventilation Forced Air, Gas
Information Listing Agent Must Accompany
Location Central Business District, Corner, Mixed Use Area
Misc Inside Multi-Tenant
Other # Of Apts - 4, # Of Offices - 0, # Of Tenants - 6, # Of Units - 6, Approx Total Bldg Sq Ft - 9000, Electricity Expense - 0, Fuel Expense - 0, Gross Rent Multiplier - 0, Gross Rental Income $ - 0, Insurance Expense - 0, Net Oper Income $ - 0, Other Expenses - 0, Scavenger Expense - 0, Tax Year - 2015, Total Annual Exp - 0, Total Annual Income - 0, Total Monthly Income - 0, Township - Elgin, Water Expense - 0, Zoning Type - Commr
Owners Assoc (Y/N) No
Ownership Type Individual
Possession Closing
Potential Use Office and Research, Residential-Multi-Family, Retail
Property Type Mixed Use
Roof Coverings Membrane
Roof Structure Flat
Tenant Pays Electric
Unincorporated (Y/N) No
Listing Courtesy of Premier Commercial Realty