Listing provided courtesy of RE/MAX HorizonMREDas Distributed by MLSGrid- MLS# 12588163MLS Provider

20-24 Douglas AvenueElgin, IL 60120

Commercial · 14,124 Sq. ft.
$895,000 Active

20-24 Douglas Avenue Overview

Time on Site:
111 days
Visits:
0

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

20-24 Douglas Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 14,124
  • Price/Sq.ft. $63

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 7455
  • Operating Expense: 32914
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1881

Location/Region

  • County Or Parish: Kane
  • MLS Area Major: Elgin
  • Township: Elgin

Tax Information

  • Tax Annual Amount: $25,459.00
  • Tax Year: 2024

General Information

  • Parcel Number: 0614283019
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 14124

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Over 600 Amps
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 66x126
  • Lot Size Square Feet: 8316
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 4
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected

20-24 Douglas Avenue Neighborhood

Community

60120 (Elgin) Demographics

33
Median Age
2,977
Population Density (per sq. mile)
26%
College Educated
$67,780
Estimated Median Income
10,159
Estimated Total Home Owners
5,264
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

20-24 Douglas Avenue Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

20-24 Douglas Avenue Market Data

Based on the last 30 days in this zip code

$321,575
Average List Price
$205
Average Price per Square Foot
29
Properties Sold
44
Average Days on Market
77
Properties for Sale
Calculations provided by Reliance Network

20-24 Douglas Avenue History

Date Event Value Agent
6/3/2026Source: MRED Status Change
Active
5/29/2026Source: MRED Price Reduction
$895,000 -9.6%
5/29/2026Source: MRED Status Change
Price Change
3/15/2026Source: MRED Status Change
Active
3/10/2026Source: MRED Added to Database
March 10, 2026