2 American Way

Elgin, IL 60120

$900,000
Last Sold Price
128,502 / 2.95
Lot Size / Acres

Description

Almost 3 acres off summit ave (rt.58) for potential redevelopment. Freestanding 8,438 s. F. General office / medical space building. Solid brick construction built in 1988. Ab zoning (area buisness) with other potential uses. Elevator building. Building broken down into 2 lower-level units and 2 upper-level units (approx 2,000 s. F. Each) with sperated utilities but could be easily combined. Units have a mix of individual offices and collaborative spaces and would make a great coworking space for...Almost 3 acres off summit ave (rt.58) for potential redevelopment. Freestanding 8,438 s. F. General office / medical space building. Solid brick construction built in 1988. Ab zoning (area buisness) with other potential uses. Elevator building. Building broken down into 2 lower-level units and 2 upper-level units (approx 2,000 s. F. Each) with sperated utilities but could be easily combined. Units have a mix of individual offices and collaborative spaces and would make a great coworking space for the investor. Common area ada approved washrooms on each level. Plenty of parking. Taxes reflect non for profit status ownership. 5 pins inlcuded in this sale.
  1. Listed by Michael Loiacono • Royce Group Real Estate Co.

Property Details for 2 American Way

Area
Elgin
Township
Hanover
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
COMMR

Location

Listing Courtesy of Royce Group Real Estate Co.

Sold By A-Squared Realty LLC

Add your commute
LISTING UPDATED: 12/28/2023 09:53 AM

Property Details for 2 American Way

StatusClosed
MLS #11752144
Days on Market267
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size2.95 AC
CountyCook County

Location

Listing Courtesy of Royce Group Real Estate Co.

Sold By A-Squared Realty LLC

Add your commute

Building Information for 2 American Way

Lot Size2.95 AC

Payment Calculator

$4,912 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,912

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2 American Way

General Information
School Information
  • Elementary School District: 46
  • High School District: 46
  • Middle Or Junior School District: 46
Location and General Information
  • Frontage Length: 311
  • Frontage Type: City Street
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Basement Description: None
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Water-Municipal, Water to Site
Property/Lot Information
  • Lot Size: 2.0-2.99 Acres
  • Lot Dimensions: 398 X 311
  • Approx Land Sq Footage: 128500
  • Buildings on Land: Yes
  • Waterfront: No
  • General Information: None
Property and Assessments
  • Possible Use: Office and Research, Development, Multi-Family, Zoning Change Required
  • Public Document Count: 1
  • Document Date: 2023-04-05T14:00:37
  • Photos Count: 10
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District
  • Road Surface: Asphalt
  • Total Listed Lots Avail: 4
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 2 American Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2 American Way

Taxable ValueLand-Additions-Total-
Home Facts
Lot Size10,747 SqFtStyleGovernmental / Public UseCountyCOOKAPN06-07-302-067

Schools near 2 American Way

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lords Park Elementary School
PublicPK to 6

Ellis Middle School
Public7 to 8

Elgin High School
Public9 to 12

Phoenix
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Royce Group Real Estate Co.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.