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1 American Way

Elgin, IL 60120
  • $898,000
  • STATUS: Active
  • ON SITE: 231 Days
  • MLS #: 12097479
UPDATED: 99 min ago
$898,000
  • 0
    BEDS
  • 0.59
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1988
County:
Area:

School Ratings & Info

Description

Prime Freestanding Office/Medical/Flex Building - Modernized Luxury on Route 58 1 American Way, Elgin, IL 60120 8,728 SF | Office | Medical | Finance | Flex | Owner-User or Investment Opportunity Strategically positioned with 165 feet of frontage on high-traffic Route 58 (Summit Street), this impressive solid-brick commercial building offers exceptional visibility and accessibility. Originally built in 1988 and fully renovated in 2023, the property exudes modern elegance with high-end finishes throughout - including imported Italian flooring, designer lighting, and custom wall treatments. The two-story building comprises approximately 8,728 square feet, currently configured into four individual suites: Two upper-level suites: 1,720 SF each Two lower-level suites: 2,000 SF each Each unit features separately metered utilities, providing flexibility for single or multiple tenant configurations. Interior common areas are equipped with ADA-compliant restrooms on both floors and are accessible by a passenger elevator, ensuring convenience for all users. Highlights: Fully renovated in 2023 with luxury-grade finishes Elevator access to all levels Flexible floor plans - suites may be combined Individually metered units Ample on-site parking for staff and guests Ideal for medical, financial, professional office, or owner-user setups Excellent signage and visibility on Route 58 For full property details, photos, and virtual tour, visit: oneamericanway*com

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© 2026 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2026-01-20T17:19:28.17 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1 American Way Elgin, IL 60120

  • Price: $898,000
  • Status: Active
  • On Site: 231 Days
  • Updated: 99 min ago
  • MLS #: 12097479
0
Beds
0
Baths
0
½ Baths
0.59
Acres
1988
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Prime Freestanding Office/Medical/Flex Building - Modernized Luxury on Route 58 1 American Way, Elgin, IL 60120 8,728 SF | Office | Medical | Finance | Flex | Owner-User or Investment Opportunity Strategically positioned with 165 feet of frontage on high-traffic Route 58 (Summit Street), this impressive solid-brick commercial building offers exceptional visibility and accessibility. Originally built in 1988 and fully renovated in 2023, the property exudes modern elegance with high-end finishes throughout - including imported Italian flooring, designer lighting, and custom wall treatments. The two-story building comprises approximately 8,728 square feet, currently configured into four individual suites: Two upper-level suites: 1,720 SF each Two lower-level suites: 2,000 SF each Each unit features separately metered utilities, providing flexibility for single or multiple tenant configurations. Interior common areas are equipped with ADA-compliant restrooms on both floors and are accessible by a passenger elevator, ensuring convenience for all users. Highlights: Fully renovated in 2023 with luxury-grade finishes Elevator access to all levels Flexible floor plans - suites may be combined Individually metered units Ample on-site parking for staff and guests Ideal for medical, financial, professional office, or owner-user setups Excellent signage and visibility on Route 58 For full property details, photos, and virtual tour, visit: oneamericanway*com
Exterior Features

Frontage Type City Street Outdoor Parking 31-50 Spaces Roof Composition Roof Structure Gable

Interior Features

Cooling Central Air Flooring Marble Heat Ventilation Forced AirGas Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 26-35 Years Building Area Total 8728 Built Before1978 YN No Current Use Medical/Dental Electric Circuit Breakers Fire Protection Smoke or Fire Protectors Geographic Locale Northwest Suburban Gross Income 168000 Gross Scheduled Income 168000 Leasable Area 8700 Mls Actual Status Active Net Operating Income 106561 Number Of Tenants 1 Operating Expense 5520 Ownership Types Corporation Possible Use CommercialOfficeRetailSingle Room Occupancy Property Offered For Sale or Rent Rental Price 14 Tax Annual Amount 56349 Tax Year 2023 Tenant Pays Common Area MaintenanceElectricityHeatTaxes Township Hanover Type Office/Tech Zoning COMMR

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of RE/MAX American Dream: 847-495-5555.


© 2026 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2026-01-20T17:19:28.17 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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