Commercial Real Estate Listings in Elgin, IL
The Elgin real estate market has a lot to offer.
You will find that Industrial space accounts for the largest share of CRE for rent opportunities on the local market. Meanwhile, Office space accounts for the second-largest share of listings on the market.
Type
No. of Listings
Space Available
Industrial
35
4,684,965 Sq. Ft.
Office
20
2,030,462 Sq. Ft.
Retail
7
150,482 Sq. Ft.
Office
29.57%
Retail
2.19%
Industrial
68.24%
Top Locations for Commercial Space in Elgin, IL
Depending on the type of space that you’re looking for, different areas of Elgin may suit your needs differently.
The city’s Northwest Business Park neighborhood has the highest concentration of CRE listings, offering 25 availabilities on the market.
The Century Oaks West neighborhood is home to the second-largest number of leasing opportunities — 20 listing(s).
At the same time, it is worth noting that the concentration of one particular type of commercial real estate in an area is a good indication of the potential of that neighborhood or submarket. For example, if you want to rent an office, consider that you will find the largest concentration of opportunities in Century Oaks West.
Neighborhood with most CRE Listings
No. of Spaces
Northwest Business Park
25
Century Oaks West
20
Country Knolls North
19
Neighborhood with most Office Listings
No. of Spaces
Century Oaks West
20
Country Knolls North
19
Northwest Business Park
13
Areas with numerous industrial properties are also more likely to be well-connected logistically. The Northwest Business Park area is the local Elgin submarket with the most listings for rent, at this time.
Retail properties can be both scattered and clustered, mostly depending on the use type and where it best fits in order to be close to the customers. In Elgin, you’ll find the most such opportunities for lease to be in Sierra Ridge.
Neighborhood with most Industrial Listings
No. of Spaces
Northwest Business Park
12
Willow Lakes Estates
9
Woodland Landfill
7
Neighborhood with most Retail Listings
No. of Spaces
Sierra Ridge
3
Cobblers Crossing
2
Regency South
1
Commercial Real Estate for Sale in Elgin, IL
If you’re looking to invest in real estate rather than to lease, the local real estate market also has something to offer.
There are currently 1,739,782 square feet of commercial property for sale in Elgin.
The largest investment opportunity on the local market offers 509,340 square feet of earning potential.
If you are looking to buy a smaller property, consider that local listings for sale start at 1 square feet.
It’s worth noting that not all sale opportunities will have a price listed, but it is easy to reach out to the property representative for more information or to schedule a tour using the contact form or the contact details available on the listing page.
Mixed-Use and Green Commercial Real Estate in Elgin, IL
Mixed-use properties incorporate at least two different types of commercial real estate, which can present a series of advantages. The different real estate types in a mixed-use property can complement each other in ways that sustain mutual success. For instance, ground-floor retail spaces may benefit from the constant stream of office workers to and from the upper floors of the same building, as well as serve the surrounding community.
1000 N Randall Rd, Randall Point, Elgin, ILProperty