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sales rep | Brivity IDX

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20-24 Douglas Ave , Elgin, IL 60120
$795,000
Est. Payment: $4,294.73/mo
14124 Sqft
0.19 Acres
Status: closed | Days on site: 193
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7450 - 77087,77087
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House Description

Outstanding and very recognizable "Hines Building" Brick 2 Story with 14000 SF on a corner lot with multiple storefront/addresses. Currently being used as an office building but could easily be retail store spaces on the first floor and converted to residential use on the second floor. This building was completely remodeled in the 90's and has been maintained and upgraded intentionally since that time. New roofs on all the buildings with 6" insulation added in the past 4 years. Updated HVAC system's. Updated Electric throughout with copper wiring. New Exterior paint. Many of the windows are Pella with 1" glass. There is a Generac back up generator. The water main service was upgraded and is set up for sprinklers to be added. The building is designed with a main entrance at 113 E. Highland. There are three storefront buildings along Douglas that are currently adjoining (20,22 and 24). The address 115 E. Highland is for the former bank space. The second floor of the bank space and 24 and 22 Douglas are all office space. The second floor of 20 Douglas is unfinished vacant space. The basement is partially finished. There are multiple baths and kitchenette spaces throughout. The ceiling height in much of the building is 14'-16' with tin ceilings. Beautiful original features as well as modernized upgrades. This building embodies an important place in downtown Elgin's history and it has been lovingly cared for and maintained, making it the perfect investment for the next owner. Also included in this sale is 113 E. Highland Ave. which has a PIN of 06-14-283-020.

Highlights

Listed by Ben Henrikson , 847-293-7900 RE/MAX Horizon , 847-931-7500. Midwest Real Estate Data mls logo

Property Type

Commercial Sale

Lot/Acreage
0.19

Year Built

1881

County

Kane

Area

Elgin

Listing ID

12588163

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Interior Features

Air Cond:Central Air
Fireplaces:
Water:Municipal Water

Exterior Features

Lot Dimensions:66x126
Principal Interest
$4,295
Taxes
$2,122

Home Price

$795,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$159,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,294.73

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,294.73 $2,121.58 $0.00 $6,416.31
Yearly $51,536.73 $25,459.00 $0.00 $76,995.73
Total $1,546,101.94 $763,770.00 $0.00 $2,309,871.94
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Elgin, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. 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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. 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. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-11-02T21:23:08.000Z

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