Elgin, IL Commercial Real Estate for Lease and Sale

Explore 84 listings of Elgin commercial real estate to find the best space for your business.

Spartan Green Pointe

629 SOUTH RANDALL ROAD, College Park McIntosh, Elgin, IL
Property

VacantLand

1.5 Acre
Availability

2 Spaces

1.5 Acre
For Lease Contact for pricing
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Blue Heron Business Park

Route 25 & Bartlett Rd., Woodland Landfill, Bartlett, IL
Property

VacantLand

443,441 SF
Availability

1 Space

185,130 SF
For Lease Contact for pricing
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850 Davis Road

850 Davis Road, Century Oaks, Elgin, IL
Property

VacantLand
For Sale

Call For Info
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2563 Mason Road

2563 Mason Road, Northwest Business Park, Elgin, IL
Property

Industrial

301,876 SF
For Sale Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
FRBC Highpoint Drive – East

FRBC Highpoint Drive – East, Willow Lakes Estates, Elgin, IL
Property

Industrial

120,572 SF
Availability

1 Space

120,572 SF
For Lease Contact for pricing
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1700 Madeline Lane

1700 Madeline Lane, Northwest Business Park, Elgin, IL
Property

Industrial

320,946 SF
Year Built

2023
For Sale

$41,402,034
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40 Dupage CT

40 Dupage CT, Downtown Elgin, Elgin, IL
Property

Retail

4,509 SF
Availability

1 Space

4,509 SF
For Lease

$18.00/SF/YR
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2768 Spectrum Drive

2768 Spectrum Drive, Northwest Business Park, Elgin, IL
Property

Industrial

250,530 SF
Availability

1 Space

154,523 SF
For Lease Contact for pricing
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945 E. Chicago St.,

945 E. Chicago St.,, Oakwood Hills, Elgin, IL
Property

Other

27,630 SF
Year Built

2005
For Sale

Subject To Offer
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1 River Ridge Road

FRBC River Ridge Road, Willow Lakes Estates, Elgin, IL
Property

Industrial

150,388 SF
Availability

1 Space

150,388 SF
For Lease Contact for pricing
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1403A Timber Dr

1403A Timber Dr, Country Aire, Elgin, IL
Property

Industrial

2,800 SF
Availability

1 Space

2,800 SF
For Lease

$12.00/SF/YR
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Fox River Business Center - Bldg I

300 Airport Rd., Willow Lakes Estates, Elgin, IL
Property

Industrial

176,799 SF
Availability

2 Spaces

70,679 SF
Year Built

2008
For Lease Contact for pricing
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SEC East Middle Street & Route 25

SEC East Middle Street & Route 25, Woodland Landfill, Bartlett, IL
Property

VacantLand

6.6 Acre
For Sale Contact for pricing
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1451 Dundee Avenue

1451 Dundee Avenue, Cobblers Crossing, Elgin, IL
Property

VacantLand
For Sale

$2,090,880
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2760 Alft Ln.

2760 Alft Ln., Northwest Business Park, Elgin, IL
Property

Industrial

86,840 SF
For Sale

$12,985,000
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400 River Ridge Dr

400 River Ridge Dr, Willow Lakes Estates, Elgin, IL
Property

Office

8,743 SF
Availability Contact for availability
Year Built

1978
For Lease Contact for pricing
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FRBC Highpoint Drive – West

FRBC Highpoint Drive – West, Willow Lakes Estates, Elgin, IL
Property

Industrial

86,560 SF
Availability

1 Space

86,560 SF
For Lease Contact for pricing
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Fischer Corporate Center

1707 N. Randall Road Elgin 60123 USA, Century Oaks West, Elgin, IL
Property

Office
Availability

2 Spaces

267,255 SF
Year Built

1993
For Lease Contact for pricing
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385 Airport Rd.

385 Airport Rd., Willow Lakes Estates, Elgin, IL
Property

Office

32,581 SF
Availability

2 Spaces

4,202 SF
Year Built

1984
For Lease Contact for pricing
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1000 N Randall Rd

1000 N Randall Rd, Randall Point, Elgin, IL
Property

Office

509,340 SF
Availability

1 Space

509,340 SF
Year Built

1993
For Lease Contact for pricing
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20.25 Acres Available for Sale in Elgin

Randall Rd & Big Timber Rd, Century Oaks West, Elgin Township, IL
Property

Industrial
For Sale

$2,300,000
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1000 N Randall Rd

1000 N Randall Rd, Randall Point, Elgin, IL
Property

Office

509,340 SF
Year Built

1993
For Sale

Call For Info
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Walmart Outlot Elgin

1100 S Randall Rd, The Reserve of Elgin, Elgin, IL
Property

VacantLand

8.84 Acre
For Sale Contact for pricing
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400 River Ridge Dr

400 River Ridge Dr, Willow Lakes Estates, Elgin, IL
Property

Office

14,900 SF
For Sale

$1,795,000
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Walmart Outlot Elgin

1100 S Randall Rd, The Reserve of Elgin, Elgin, IL
Property

VacantLand

3.78 Acre
For Sale Contact for pricing
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1575-1595 Highpoint Drive

1575-1595 Highpoint Drive, Willow Lakes Estates, Elgin, IL
Property

Industrial

73,375 SF
Availability

1 Space

32,486 SF
For Lease Contact for pricing
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721 Dundee Ave

721 Dundee Ave, Summit Park, Elgin, IL
Property

Office

5,165 SF
Availability

3 Spaces

694 SF
For Lease

$1,000.00/MO
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2531 Technology Drive

2531 Technology Drive, Northwest Business Park, Elgin, IL
Property

Industrial

59,180 SF
Availability

4 Spaces

16,700 SF
For Lease Contact for pricing
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Blue Heron Business Park

Route 25 & Bartlett Rd., Woodland Landfill, Bartlett, IL
Property

VacantLand

443,441 SF
For Sale

Call For Info
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Randall Commons

Mountain Laurel Ct, Columbine Square, Elgin, IL
Property

VacantLand

3.31 Acre
Availability

1 Space

3.31 Acre
For Lease Contact for pricing
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850 Davis Road

850 Davis Road, Century Oaks, Elgin, IL
Property

VacantLand
Availability

1 Space

384,634 SF
For Lease Contact for pricing
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1275 Gasket Dr

1275 Gasket Dr, Bluff Spring Fen, Elgin, IL
Property

VacantLand

8 Acre
For Sale 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 2,030,462 square feet of office space across 20 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 150,482 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 4,684,965 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 2,440,318 square feet of available listings. Office space available in Elgin adds up to 1,007,464 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 $15.15 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.

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 Sierra Ridge 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 $18 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 119,439 square feet.
Retail properties here incorporate an average of 30,097 square feet.
Industrial space in Elgin is in buildings that are, on average 137,794 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 4,752,153 square feet. The market offers 16 active office listing(s), which amount to 1,058,357 square feet and account for 28% of commercial spaces on the market. Local retail availability includes 165,696 square feet across 6 retail space(s). Industrial space for rent opportunities in Elgin amount to 2,892,996 square feet across a total of 32 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	16	1,058,357
Retail	6	165,696
Industrial	32	2,892,996
Other	3	635,104

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 1,774,782 square feet of commercial property for sale here , which includes 4 office building(s) for sale , and 7 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	4	580,469
Industrial	7	750,842
Other	12	443,471

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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