$550,000

PLEASE NOTE THAT WE ARE IN A MULTIPLE OFFER SITUATION. ALL HIGHEST-AND-BEST OFFERS ARE DUE BY 5 PM ON OCTOBER 14, 2023. Welcome to a beautiful and historic, 2-story building, with a full basement, in the heart of downtown Elgin! This magnificent location sits on Grove Avenue but it also backs up to Riverside Drive, which helps to capture business from the main artery and the riverwalk front. This all brick building also features over 3,000 square feet of usable square footage on the first floor and over 2,500 square feet of space on the second floor, and an additional 3,000 square feet of storage space in the basement! Presently, the first floor is used for retail space and the second floor is used for office space and studio space. The second floor is a perfect mix of office and studio space and it boasts a private entrance, two large private offices overlooking Grove Avenue and they measure at 24 feet by 12 feet and 19 feet by 15 feet, and then there are three smaller rear offices and a private washroom. Additionally, there is even more space in the rear lot, which is perfect for those al fresco events in the spring, summer and fall, or use it just for additional parking. Keep in mind that there is free parking on the street and there is also free parking in the city garage for up to 550 cars! This building is perfect for retail, office, a restaurant, a bar, an art gallery or a combination thereof. Show and sell!