**Retail/Office Strip Center for Sale on IL Rt 31 (LaFox St)** Discover a prime commercial property offering excellent visibility and versatility! This strip center features five units, with three currently leased to established tenants, including an accounting firm, a tattoo shop, and a gaming cafe. **Key Features:** - High Visibility Location: Situated on IL Rt 31 (LaFox St) with significant drive-by exposure. - Ample Parking: Private parking lot with up to 18 spaces for tenants and customers. - Flexible Utilities: Basement access allows for extra storage & easy utility modifications. - Convenient Access: Elevated rear entrances with sturdy wooden stairways. This is a fantastic investment opportunity in a vibrant location. Contact listing agent today for more details.***In 2024, the equalized reassessed value of the property has decreased by 25%, which means your property tax bill will also be reduced!***
The median home value in South Elgin, IL is $370,000. This is higher than the county median home value of $310,200. The national median home value is $338,100. The average price of homes sold in South Elgin, IL is $370,000. Approximately 80.11% of South Elgin homes are owned, compared to 17.55% rented, while 2.34% are vacant. South Elgin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a South Elgin real estate agent to arrange a tour today!
South Elgin, Illinois has a population of 23,749. South Elgin is more family-centric than the surrounding county with 41.51% of the households containing married families with children. The county average for households married with children is 36.28%.
The median household income in South Elgin, Illinois is $112,115. The median household income for the surrounding county is $88,935 compared to the national median of $69,021. The median age of people living in South Elgin is 38.6 years.
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 13.2 degrees. The average rainfall is approximately 37.5 inches per year, with 32.6 inches of snow per year.