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334 Commercial Real Estate Listings in Elgin, IL

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Elgin, IL Commercial Real Estate

There are currently 339 commercial listings available in Elgin, IL. These listings include 145 commercial spaces that encompass a total of 2,447,486 square feet. Available commercial spaces in Elgin, IL range in size from 1 square feet to 246,967 square feet. A total of 249 off-market commercial properties located in Elgin, IL are also available for research.

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Elgin, IL Commercial Inventory Breakdown

In 2022 the Elgin, IL commercial real estate market totaled 2,244,746 square feet of office spaces, 2,406,203 square feet of office spaces with retail, and 23,687,354 square feet of industrial space.

Office Spaces

Total: 2,244,746 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 1,167,153 SqFt 51.99% of total office
100k to 500k SqFt 563,280 SqFt 25.09% of total office
500k to 1M SqFt 514,313 SqFt 22.91% of total office
By class:
Class A 521,348 SqFt 23.23% of total office
Class B 1,521,010 SqFt 67.76% of total office
Class C 202,388 SqFt 9.02% of total office
Roughly 22.91% of the total office space in Elgin, IL is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 51.99% of the office inventory.

Class A office space holds a 23.23% share of the overall Elgin, IL office market, while Class B office assets make up approximately 67.76%.

Industrial

Total: 23,687,354 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 3,578,623 SqFt 15.11% of total industrial
100k to 500k SqFt 18,581,945 SqFt 78.45% of total industrial
500k to 1M SqFt 1,526,786 SqFt 6.45% of total industrial
By class:
Class A 12,074,218 SqFt 50.97% of total industrial
Class B 8,413,476 SqFt 35.52% of total industrial
Class C 163,388 SqFt 0.69% of total industrial
There are 18,581,945 square feet of commercial real estate properties between 100k to 500k square feet, representing 78.45% of the Elgin, IL industrial inventory. Class A assets total 12,074,218 square feet of industrial space, with an additional 8,413,476 square feet of Class B and 163,388 square feet of Class C properties.

Office Spaces with Retail

Total: 2,406,203 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 384,397 SqFt 15.98% of total office with retail
100k to 500k SqFt 2,021,806 SqFt 84.02% of total office with retail

Elgin, IL Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Elgin, IL Office 31 731,292
Elgin, IL Retail 7 41,915
Elgin, IL Industrial 39 1,546,049
Elgin, IL Other 90 2,447,486
Ofice Icon

31

Office

Industrial Icon

39

Industrial

Retail Icon

7

Retail

Current local active listing encompass 4,766,742 square feet of commercial space for lease in Elgin. There are 31 active office listings, which amount to 731,292 square feet and account for 18% of commercial spaces on the market. Local retail availability includes 41,915 square feet across 7 listings. Current industrial offerings on the market amount to 1,546,049 square feet across a total of 39.

Employment in Elgin, IL

Employed Population 54,354

Employed population - Industry % Distribution

Management, business, science, and arts occupations

29%

Sales and office occupations

21%

Service occupations

19%

Production, transportation, and material moving occupations

19%

Natural resources, construction, and maintenance occupations

11%

In 2020, roughly 29% of a total of 54,354 employed in Elgin worked in Management, business, science, and arts occupations, followed by 21% in Sales and office occupations and 19% in Service occupations.

Income per capita $28,957  Median household income $70,192

Household income

34%

Under $50k

35%

$50k - $100k

26%

$100k - $200k

5%

Over $200k

The median household income in Elgin stands at $70,192, with per capita income at $28,957. Households earning between $50k and $100k represent 35% of the total, while those earning over $200k make up 5%. Approximately 34% of Elgin households earn less than $50k per year.

Commuting in Elgin, IL

Mean travel time to work 29 minutes

Means of transportation to work

77.10%

Driving alone

11.70%

Carpool

2.80%

Public transit

0.40%

Bicycle

1.00%

Walking

4.30%

Other

2.50%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Elgin in 2020 was 29 minutes. Around 77.10% of workers commute by Driving alone, 11.70% Carpool and 4.30% by Other.

Education in Elgin, IL

High school grad or higher 82%

Bachelor's degree or higher 23%

Population by minimum level of education

18%

No degree

27%

High school

32%

Some College

16%

Bachelor's

7%

Post-grad

*Universe: Workers 25 and over

An estimated 82% of Elgin residents aged 25 or over hold a high school degree or higher. Of those, 27% are high school graduates, 32% attended some college, 16% earned a bachelor's degree, with an additional 7% holding post-graduate degrees.

Elgin, IL Demographics

As of 2020, Elgin had a total population of 110,889, with a median age of 34.90 years. Roughly 64.10% of the total population was between the ages of 16 and 64 years old.