Prime Center-City Commercial Opportunity | 223 Dundee Avenue, Elgin, IL
Rare opportunity to acquire or lease a strategically located commercial property at 223 Dundee Avenue in Elgin, prominently positioned at the intersection of Dundee Avenue and Park Street. The property is situated within an established commercial corridor on the edge of Elgin's traditional downtown area, offering excellent visibility and convenient access to surrounding residential, commercial, educational and institutional uses.
The property is located within CC2 – Center City 2 zoning, a designation intended to support a diverse mix of finance, service, retail, office, civic and cultural uses, along with complementary hospitality, entertainment and residential uses. The CC2 district is specifically designed to encourage a vibrant, mixed-use center-city environment while maintaining a pedestrian-oriented character and appropriate transition to surrounding residential neighborhoods.
The site benefits from its position along Dundee Avenue, one of Elgin's established commercial corridors, with the City identifying the area as Corridor Commercial in its Comprehensive Plan. Corridor Commercial areas are intended to serve both local and regional consumers and accommodate a broad range of retail and service-oriented businesses.
The property is surrounded by a mix of commercial, retail, service, restaurant and residential uses. Elgin Academy is located immediately to the north and east, while additional commercial uses are located along Dundee Avenue and residential neighborhoods extend south toward the surrounding center-city area.
According to City records, the existing 1,300-square-foot building at 223 Dundee Avenue was constructed in 1999. The broader property has historically accommodated a variety of commercial uses, including a retail bakery, retail food store and carry-out restaurant, demonstrating the site's suitability for consumer-oriented and service uses.
223 Dundee Avenue presents an attractive opportunity for an owner-user, investor or business seeking a highly visible location within Elgin's established center-city area. Its CC2 zoning, prominent Dundee Avenue frontage, proximity to Downtown Elgin and surrounding mix of commercial and residential uses make the property well positioned for continued commercial use and potential repositioning.
Buyer/tenant to independently verify permitted uses, zoning requirements, dimensions, parking, building information and all other property information with the City of Elgin and appropriate governmental authorities.
CC2 – Center City 2 Zoning
1,400 SF existing building
Prominent Dundee Avenue / Park Street location
Established commercial corridor
Adjacent to Elgin Academy
Near Downtown Elgin
Flexible commercial-oriented zoning environment
Suitable for a variety of retail, office and service concepts, subject to applicable approvals
Strong owner-user or investment opportunity
Surrounded by established residential and commercial uses
Excellent opportunity for repositioning or continued commercial occupancy
Vickie Soupos
COLOVOS | SOUPOS Group
