For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, the Property is a ±7.11-acre infill development site along Summit Street in Elgin, Illinois (the “Property”). The four-parcel site is zoned PAB – Planned Area Business, supporting planned commercial and mixed-use development. Prior plans contemplated approximately 150 residential units, ±17,000 square feet of retail space, and 312 parking spaces, offering a strong foundation for a buyer to revisit a mixed-use strategy, subject to updated approvals and due diligence. The Property benefits from prominent frontage, full ingress/egress, available utilities, and proximity to established retail, dining, medical, service, and daily-needs users. Approximately 181,580 residents with an average household income of $111,408 live within 5 miles. Located about 35 miles northwest of Chicago with access to I-90 and the broader Fox Valley employment base, the site is well positioned for multifamily, retail, service-commercial, or mixed-use redevelopment in the Chicago MSA.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
