Courtnee Tomlinson
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Mixed-use investment and redevelopment opportunity! This 3,674 SF building sits on a 0.5-acre corner lot with outstanding visibility along busy McLean Boulevard. The property consists of five total units, including four commercial storefronts and one second-floor apartment, offering an excellent opportunity for owner-occupants, investors, or those seeking additional rental income Zoned RB (Residence Business) and located within the ARC (Arterial Road Corridor) Overlay District, the property provides flexibility for a variety of permitted retail, office, service, and mixed-use opportunities (buyers should verify permitted uses with the City of Elgin). Formerly home to a florist/retail storefront, the building is well suited for continued commercial use, value-add improvements, or future redevelopment. Ideally situated near Town & Country Shopping Center, Elgin Fresh Market, Family Dollar, U.S. Route 20, Elgin Community College, Larkin High School, and just 1.8 miles from the Elgin Metra Station, this high-exposure location offers exceptional accessibility, strong traffic counts, and outstanding long-term investment potential
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1900
General Information
County: Kane
Listed By:
Realty of America, LLC
708-768-7412
MRED MLS
MLS ID: 12714227
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230 N Mclean Boulevard , Elgin, IL 60123.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $449,900 | $449,900 | $449,900 |
| Down Payment | $89,980 | $15,747 | $112,475 |
| Monthly Mortgage Amount | $2,245 | $2,720 | $2,825 |
| Taxes | $626 | $626 | $626 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $198 | $0 |
| Monthly Estimated Total | $3,002 | $3,675 | $3,582 |
Courtnee Tomlinson
REALTOR®
Cell: (563) 529-2012
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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