$252,500
SOLD APR 7, 2025
1.69 Acres
$149,408 Price per Acre
73,616 Sq Ft Lot

Recently Sold

3% Above List Price

379 Days on Market

About This Lot

As of April 2025

A 1.69 acre (or 73,268 square foot) development site, located on a traffic-lit intersection in Elgin is available for sale at auction. Situated in a highly visible, hard corner location, in close proximity to downtown Elgin and major commercial thoroughfares, this site can be developed for a multitude of commercial uses, including industrial. All utilities are available to the site. Great opportunity for a developer or investor. Business in the area include Starbucks, Target, Panera Bread, Marshalls and several restaurants.

Last Agent to Sell the Property

Daniel Hyman

Millennium Properties RE, Inc. License #471013658 Listed on: 01/29/2024

Co-Listed By

Brad Thompson

Millennium Properties RE, Inc. License #471013662

Last Buyer's Agent

Michelle Manassa

Harvest Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,097

Lot Details

  • 1.69 Acre Lot
  • Lot Dimensions are 313x317x220x262
  • Property fronts a state road
  • Property is zoned COMMR

Home Design

  • Mixed Use

Listing and Financial Details

  • Tenant pays for taxes, insurance

Property Details

Property Type

Land

Est. Annual Taxes

$9,097

Lot Details

1.69 Acres

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural
  • Road Surface Type: Asphalt
  • General Information: None
  • Actual Status: Closed
  • ResoPropertyType: Land
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial, Industrial, Retail
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: State Road
  • Waterfront: No

Utilities

  • Sewer: Storm Sewer
  • Utilities: Electricity Nearby, Natural Gas Nearby, Water Nearby

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.69
  • Lot Dimensions: 313X317X220X262
  • Zoning: COMMR
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N
  • Land Description: Cleared,Level,Wooded

Rental Info

  • Tenant Pays: Taxes, Insurance
  • Board Number: 8

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 9097.48
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2024
Closed on
Apr 4, 2025
Sold by
Bvn Llc-Shales Parkway
Bought by
Liab Investments Llc
Seller's Agent
Daniel Hyman
Millennium Properties RE, Inc.
Buyer's Agent
Michelle Manassa
Harvest Real Estate
List Price
$245,000
Sold Price
$252,500
Premium/Discount to List
$7,500
3.06%
Views
78
Current Estimated Value
$259,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,163
Avg. Annual Appreciation
3.31%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $252,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2025 04/07/25 Sold $252,500 +3.1% --
02/12/2025 02/12/25 Pending -- -- --
01/29/2024 01/29/24 For Sale $245,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,599 $37,717 $37,717 --
2024 $7,599 $26,402 $26,402 --
2023 $7,385 $26,402 $26,402 --
2022 $7,385 $26,402 $26,402 $0
2021 $9,097 $26,401 $26,401 $0
2020 $9,040 $26,401 $26,401 $0
2019 $8,092 $26,401 $26,401 $0
2018 $5,766 $16,972 $16,972 $0
2017 $5,748 $16,972 $16,972 $0
2016 $5,408 $16,972 $16,972 $0
2015 $4,638 $13,200 $13,200 $0
2014 $4,492 $13,200 $13,200 $0
2013 $4,344 $13,200 $13,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11969730

Midwest Real Estate Data (MRED)

APN: 06-20-300-021-0000

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