Elgin, IL Commercial Real Estate for Lease and Sale

Explore 91 listings of Elgin commercial real estate for lease and for sale to find the best space for your business.

574 Mclean Boulevard

574 McLean Boulevard , Eagle Heights, Elgin, IL
Property

Office

7,918 SF
Year Built

1980
For Sale

$752,000
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2860 Galvin Dr

2860 Galvin Dr, Northwest Business Park, Elgin, IL
Property

Industrial

117,295 SF
Availability

1 Space

30,131 SF
Year Built

2005
For Lease Contact for pricing
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Prologis Business Center Elgin - 1575-1595 High Point Drive & 200-220 Corporate Drive

1575 High Point Drive, Willow Lakes Estates, Elgin, IL
Property

Industrial

184,142 SF
Availability

1 Space

32,486 SF
Year Built

1986
For Lease Contact for pricing
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Randall Rd & Bowes Rd

Randall Road & Bowes Road, Sierra Ridge, Elgin, IL
Property

Retail
Availability

1 Space

152,460 SF
For Lease Contact for pricing
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Medical Office Unit With Pediatric Practice

1590 Weatherstone Ln Ste 7, Eagle Heights, Elgin, IL
Property

Office

1,000 SF
Year Built

1974
For Sale

$150,000
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Restaurant Space

2500- 2510 North Randall Road, Northwest Business Park, Elgin, IL
Property

Retail

7,896 SF
Availability

1 Space

1,817 SF
Year Built

2021
For Lease

$30.00/SF/YR
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1355 Holmes Rd

1355 Holmes Rd, Century Oaks, Elgin, IL
Property

Industrial

82,182 SF
Availability

1 Space

39,921 SF
Year Built

1976
For Lease Contact for pricing
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500 Bird Street

500 Bird Street, Grant Park, Elgin, IL
Property

Industrial

6,180 SF
Year Built

1985
For Sale

$685,000
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900 North State Street

900 North State Street, Wing Park Manor, Elgin, IL
Property

Industrial

485,975 SF
Availability

1 Space

19,355 SF
Year Built

1983
For Lease Contact for pricing
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Randall Point Executive Center - 2150 Point Blvd

2150 Point Blvd, Century Oaks West, Elgin, IL
Property

Office

46,206 SF
Availability

1 Space

4,977 SF
Year Built

2002
For Lease Contact for pricing
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2587 Millennium Drive, Unit K

2587 Millennium Drive, Unit K, Randall Point, Elgin, IL
Property

Industrial

4,045 SF
Availability

1 Space

4,045 SF
For Lease Contact for pricing
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Randall Medical Pavilion

1600 North Randall Road, Northwest Business Park, Elgin, IL
Property

Office

99,903 SF
Availability

7 Spaces

42,875 SF
Year Built

2009
For Lease Contact for pricing
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Multi-Family/Assisted Living Site

3271 US Highway 20, West Point Gardens, Elgin, IL
Property

VacantLand
For Sale

$2,500,000
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Advocate Sherman Hospital

1435 North Randall Road, Century Oaks West, Elgin, IL
Property

Office
Availability

10 Spaces

39,981 SF
For Lease Contact for pricing
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Cobbler Crossing

NEC Summit & Waverly, Cobblers Crossing, Elgin, IL
Property

Retail

102,643 SF
Availability

2 Spaces

5,792 SF
For Lease Contact for pricing
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2205 Point Blvd

2205 Point Blvd, Century Oaks West, Elgin, IL
Property

Office

60,000 SF
Availability

7 Spaces

19,988 SF
Year Built

2001
For Lease

$16.00/SF/YR
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Randall Rd & Bowes Rd

Randall Road & Bowes Road, Sierra Ridge, Elgin, IL
Property

Retail
For Sale

Subject To Offer
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1717 Gifford Road

1717 Gifford Road, Bluff Spring Fen, Elgin, IL
Property

Industrial

407,400 SF
Availability

1 Space

442,601 SF
Year Built

1974
For Lease Contact for pricing
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Elgin Chase Campus

2500 Westfield Drive, Northwest Business Park, Elgin, IL
Property

Office

514,313 SF
Availability

4 Spaces

65,997 SF
Year Built

1989
For Lease

$20.00/SF/YR
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ETC Coworking
Etc Coworking
11 Douglas Avenue 2nd Floor, Elgin, IL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

Business address

Complimentary coffee & tea

Free water

High-speed internet

High-speed wifi

Kitchen

Mail services

Parking

Podcast room

Printer
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500 Bird Street

500 Bird Street, Grant Park, Elgin, IL
Property

Industrial

6,180 SF
Availability

1 Space

6,180 SF
Year Built

1985
For Lease

$7,000.00/MO
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1150 Davis Rd.

1150 Davis Rd., Century Oaks, Elgin, IL
Property

Industrial

102,400 SF
Availability

1 Space

6,334 SF
For Lease Contact for pricing
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High Point Plaza

1350 E Chicago St, Country Brook, Elgin, IL
Property

Retail

32,600 SF
Availability Contact for availability

For Lease Contact for pricing
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801 N. State Street

801 N. State Street, Sadlers, Elgin, IL
Property

Industrial

82,221 SF
Availability

1 Space

17,430 SF
For Lease

$8.25/SF/YR
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Airport Road

Airport Road, Willow Lakes Estates, Elgin, IL
Property

Industrial

30,000 SF
Availability

1 Space

30,000 SF
For Lease Contact for pricing
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Warehouse: Crispin Commons

1330 Crispin Dr, College Green, Elgin, IL
Property

Industrial

28,500 SF
Availability

1 Space

1,500 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Elgin commercial real estate market incorporates 2,060,508 square feet of office space across 21 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Elgin commercial real estate market includes 307,894 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Elgin market, there is a total of 5,702,430 square feet of industrial property.

The listing inventory in Elgin incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Elgin is represented by Industrial space, which accounts for 2,547,711 square feet of available listings. Office space available in Elgin adds up to 844,593 square feet.

Meanwhile, most of the listings of commercial property for sale in Elgin are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Elgin is $16.42 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Elgin can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $22.43 per square foot, industrial space in Elgin saw average rents of $12.32 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Elgin, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Elgin is in the Northwest Business Park neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Century Oaks West area.

Meanwhile, retail space opportunities are most abundant in the Cobblers Crossing submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Northwest Business Park.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $20 per square foot. In particular, the property type commanding the highest lease rates in Elgin was Office space.

Conversely, the highest sale price last year was $2,111,500 that is located at 2250 Point Blvd.

The average size of a commercial property in Elgin depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Elgin, the average size of an office property is 108,448 square feet.
Retail properties here incorporate an average of 34,211 square feet.
Industrial space in Elgin is in buildings that are, on average 129,601 square feet in size.

Elgin, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Elgin currently add up to 3,982,717 square feet. The market offers 15 active office listing(s), which amount to 844,593 square feet and account for 23% of commercial spaces on the market. Local retail availability includes 174,851 square feet across 9 retail space(s). Industrial space for rent opportunities in Elgin amount to 2,547,711 square feet across a total of 37 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	15	844,593
Retail	9	174,851
Industrial	37	2,547,711
Other	3	415,562

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Elgin, IL. Currently, there is 6,340,639 square feet of commercial property for sale here , which includes 6 office building(s) for sale , 2 retail investment opportunity listing(s) , and 8 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	6	609,432
Retail	2	13,600
Industrial	8	910,751
Other	12	4,806,856

Elgin, IL Commercial Real Estate for Lease and Sale

574 Mclean Boulevard

2860 Galvin Dr

Prologis Business Center Elgin - 1575-1595 High Point Drive & 200-220 Corporate Drive

Randall Rd & Bowes Rd

Medical Office Unit With Pediatric Practice

Restaurant Space

1355 Holmes Rd

500 Bird Street

900 North State Street

Randall Point Executive Center - 2150 Point Blvd

2587 Millennium Drive, Unit K

Randall Medical Pavilion

Multi-Family/Assisted Living Site

Advocate Sherman Hospital

Cobbler Crossing

2205 Point Blvd

Randall Rd & Bowes Rd

1717 Gifford Road

Elgin Chase Campus

ETC Coworking

500 Bird Street

1150 Davis Rd.

High Point Plaza

801 N. State Street

Airport Road

Warehouse: Crispin Commons

Frequently Asked Questions

Elgin, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Elgin, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Elgin, IL?

What factors affect the price of commercial real estate in Elgin, IL?

What is the average rent for commercial space in Elgin, IL?

What are the best areas for commercial real estate in Elgin, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Elgin, IL?

Elgin, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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