4 months on rocket

230 E State St, South Elgin, IL, 60177

$285,000

0.87 Acres
Land

Location

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Property Highlights

Home TypeVacant Land
MLS #12140158
Lot Size0.87 Acres
StatusActive

About 230 E State St

Prime Vacant Commercial Land for Sale at 230 E State St, South Elgin, IL. Discover an exceptional investment opportunity in the heart of South Elgin! This expansive commercial strip of land, located at 230 E State St, offers unparalleled potential for development in a rapidly growing area. Situated in the vibrant community of South Elgin in Kane County, this vacant commercial land is perfectly positioned to capitalize on the increasing demand for retail, office, residential, or mixed-use developments. There are .875 Acres of Land with ample amount of opportunties. The village is in favor of multiple developments/ uses. Key Features: Strategic Location: Located on E State St, a major thoroughfare in South Elgin, this property benefits from high visibility and easy accessibility. The land is ideally situated near established businesses, residential neighborhoods, and key local amenities, ensuring a steady flow of potential customers and clients. Size and Zoning: This generous parcel of land offers ample space for various commercial applications. The flexible zoning allows for a wide range of uses, making it ideal for developers looking to create retail centers, office complexes, residential apartments, condominiums, or a mix of these. Growing Community: South Elgin is a dynamic and expanding community with a robust local economy. The area is experiencing significant growth, driven by new residential developments and increasing commercial activity, making this an opportune time to invest. Utilities and Infrastructure: Essential utilities and infrastructure are readily available, facilitating a smooth and efficient development process. The property is primed for construction, with all necessary services in close proximity. Proximity to Key Amenities: The land is conveniently located near major retailers, dining establishments, and local attractions. Additionally, it offers easy access to major highways and public transportation, enhancing its appeal to both businesses and residents. Development Potential: The vacant land offers a blank canvas for visionary developers to bring their projects to life. Whether you're considering retail space, office buildings, residential apartments, condominiums, or the expansion of trade-ups, this property provides the perfect foundation for your next successful venture. Seller Participation and Financing Options: The seller is willing to take part in the development process or provide seller financing, making this opportunity even more attractive. This flexibility can help streamline the development process and reduce initial capital requirements for qualified buyers. Seize this rare opportunity to acquire a prime piece of commercial land in South Elgin. Contact us today to learn more about this exceptional property and how it can meet your development needs.

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (630) 954-4600
  • Listing Agent: Rocco Zaccaro

Lot Features

Lot Information:

  • Lot Size: 0.87 Acres

Other

Directions Information:

  • Directions: corner of N Center St & E State St

Price Information

Listing Price Info

Price Summary:

  • List Price: $285,000

Tax Information:

  • Annual Amount: $7,423
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in South Elgin, IL.

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South Elgin, IL

City

Med. Sold Price

$367K

Med. Price/SqFt

$199

Avg. Days On Market

37

# of Sold Homes

38

230 E State St vs South Elgin

132 DAYS ON ROCKET

+95 Days

$285,000

-$82K Less

KEY TAKEAWAY

This property is $82K less than the Median Sold Price in South Elgin, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12140158

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (630) 954-4600
  • Listing Agent: Rocco Zaccaro

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/26/2024, 11:46:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,423$83,602
2019$7,070$79,636
2018$7,184$75,022
2017$7,184$75,449

History based on county public records data.

Payment Calculator

$1,490

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$921

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1719880
3
/10

  • Clinton Elementary School

  • 770 Mill St

  • 0.36 miles

  • Public District Grades KG-6

school-card-donut-1719881
4
/10

  • Willard Elementary School

  • 370 W Spring St

  • 0.41 miles

  • Public District Grades KG-6

school-card-donut-1719882
5
/10

  • Fox Meadow Elementary School

  • 1275 Jenna Dr

  • 1.48 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,917. The majority of South Elgin, IL residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 230 E State St

What is the listing price of this property?

The listing price of 230 E State St property is $285,000.

What type of property is this?

The property 230 E State St is land located in South Elgin, Illinois, 60177.

Is this property for sale now?

Active Listing: 230 E State St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,423 (source: MLS/based on county public records data).

How much acreage is this property?

The property 230 E State St is 0.87 acres.
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Rocket Homes›Illinois›Kane County›South Elgin›60177›230 E State St

This home is located at 230 E State St in South Elgin, IL and zip code 60177. This home sits on a 0.87 acre lot. It has been listed on Rocket Homes since August 16, 2024 and is currently priced at $285,000.

In November 2024, from all listings sold in South Elgin, IL there were more than 12 sold above asking price, over 12 sold below and more than 14 were sold right at the asked price. The inventory of homes for sale in South Elgin, IL between October 2024 and November 2024 decreased by 21.1%. Listings spent 37 days on the market in November 2024, and had a median list price of $367,013 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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