Elgin, Illinois, a city located 35 miles northwest of Chicago along the Fox River, offers a unique blend of history, education, and entertainment, making it an ideal location for Retail Space For Lease. With a population of approximately 110,000, Elgin provides a diverse and vibrant community that is perfect for businesses looking to establish a strong presence. The city's rich history, dating back to its founding in 1835, is evident in its well-preserved architecture, cultural attractions, and strong educational institutions. Elgin is home to several major corporations, including the Elgin Watch Company and the Elgin Sweeper Corporation, which contribute to the city's thriving economy. Additionally, the Grand Victoria Casino, a significant source of income for the city, attracts millions of visitors annually. With its convenient location, excellent infrastructure, and diverse economy, Elgin is an attractive destination for businesses looking to lease Retail Space.
Elgin's Retail Space For Lease offers a range of opportunities for businesses, with 18 listings available. The average annual rent per square foot is $20 USD, with spaces ranging in size from 676 square feet to 47,161 square feet. In addition to Retail Space, Elgin also offers a variety of other property types, including Restaurants, Medical Offices, and Office Space. Restaurants in Elgin benefit from the city's vibrant cultural scene, with numerous festivals and events throughout the year. Medical Offices in Elgin are well-supported by the city's strong healthcare sector, with major employers like Advocate Sherman Hospital and Presence Saint Joseph Hospital. Office Space in Elgin is ideal for businesses looking to establish a presence in the city's thriving downtown area. With its diverse economy, excellent infrastructure, and range of property types, Elgin is an attractive destination for businesses looking to lease space.
What is the average cost per square foot for retail space in Elgin?
For those looking to lease retail space in Elgin, the average annual rent per square foot is $20 USD, with available listings totaling 18 and average space sizes ranging from 5,536 square feet to a maximum of 47,161 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or supermarkets, can have a significant impact on surrounding retail space leases in Elgin, Illinois, as they attract a large customer base and create a hub of activity, making the surrounding area more desirable for other retailers and increasing the likelihood of successful leases, with 18 available listings of retail space for lease in Elgin, offering a range of options for businesses looking to capitalize on the foot traffic generated by these anchor tenants.
