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17-27 N Grove AVE Elgin, IL 60120

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UPDATED:

$ 699,000

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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Andis Combi

info@rogleaders.com +1(773) 808-6240

IL > Elgin

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Andis Combi

info@rogleaders.com +1(773) 808-6240

$ 699,000

Est. payment | -/mo

6,344 SqFt

Save

$ 699,000

Est. payment | -/mo

Save

6,344 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,344 sqft

Price per Sqft $110

MLS Listing ID 12199122

Year Built 1880

Annual Tax Amount $13,382

Tax Year 2023

Lot Dimensions 60X66X65

Property Description

The "Galleria on North Grove" is available for sale along with the building to the North and the parking lot between the two buildings! This iconic Historic building is both visually stunning and is in excellent condition. Both buildings have been mechanically updated and fully modernized. The first floor of 25-27 Grove is leased to a tavern and the second floor is available for lease. Second floor can be two separate spaces. Second floor is currently office type use but could be converted to residential. 17 N. Grove first floor is leased to a salon and the second floor is a residential apartment. This is a one of kind opportunity to own two highly recognizable and visible properties in downtown Elgin along with a dedicated parking lot. Situated across from a large City parking lot and the Post Office/City Hall. Walking distance to Metra, Bus Station, Bike Trail, Restaurants, Shopping and all that downtown Elgin has to offer.

Location

State IL

County Kane

Area Elgin

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Level or Stories 2

Structure Type Brick

Listed by Ben Henrikson • RE/MAX Horizon

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17-27 N Grove AVE

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Real Estate News, Tips & How-To Articles

How Real Estate Agents Take the Fear Out of Moving

Feeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. Real estate agents are so much more than just transaction facilitators; they’re trusted guides to help you navigate the complexities of the housing market with confidence and ease. And a great agent can turn what may feel like a daunting process into a manageable—and even enjoyable—experience.That’s why, in a Bright MLS survey, respondents agreed partnering with an agent is essential and helps cut down on their stress:Here are just a few examples of why that expertise can give you so much peace of mind.1. Explaining the Current Market You may be seeing misleading headlines about a potential market crash, falling prices, and more. And when you’re not an expert yourself, it’s easy to get swept up in the clickbait and let that scare you. As Jason Lewris, Co-Founder and Chief Data Officer at Parcl, says:“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”A real estate agent is there to help you separate fact from fiction and to debunk any headline that does more to terrify than clarify. With their deep understanding of local market trends, home values, inventory levels, and more, they’ll help you feel more confident in your decision.2. Walking You Through the Process Step-by-StepIs this your first time going through the process as a buyer or a seller? Don’t worry. Your agent will walk you through every step along the way, from the initial conversation all the way to closing day. As NerdWallet explains:“If it's your first time buying — or selling — you're likely to come across terms you don't recognize and tasks that seem baffling. What's the difference between pending and contingent? Why do you need title insurance? How thoroughly do you need to fill out disclosure forms? Your agent should be able to confidently and competently explain it all.”And if you’ve done this before, but it’s been a while, an agent will tailor how they explain it all to your previous experience. They won’t bog you down with details, they’ll only give you as much of a refresher as you want and need. 3. Advocating for Your Best InterestsDoes the thought of dealing with the back and forth of the transaction make your palms sweaty? Put that anxiety aside. Your agent is a skilled negotiator trained for these exact scenarios. And the best part is, they work for you. So, it’s your goals they’re using that expertise to fight for.They’ll work to secure the best possible terms for you, whether it’s getting a better price as a homebuyer or negotiating a higher sale price as a seller. This removes the fear of a bad deal or being taken advantage of during the process.4. Solving Any Unexpected Problems QuicklyWorried something is going come up that you don’t know how to handle? Rest assured, your agent has you covered.Agents are skilled problem-solvers. They not only address issues, but they get ahead of them before they become deal-breakers – and that helps keep the process on track. So, if any challenges do pop up, know your agent has the skills and experience necessary to find a solution that works for you.Bottom LineDon’t let fear or uncertainty hold you back from achieving your goals. With an expert agent by your side, you can move forward with confidence.
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Why Home Sales Bounce Back After Presidential Elections

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.Election Years Bring a Temporary SlowdownIn any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern that’s shown up time and time again, and it's particularly apparent for buyers and sellers in the housing market.This year is no different. A recent survey from Redfin found that 23% of potential first-time homebuyers said they’re waiting until after the election to buy. That’s nearly a quarter of first-time buyers hitting the pause button, likely due to the same feelings of uncertainty.Home Sales Bounce Back After the ElectionThe good news is these delayed sales aren’t lost forever—they’re just postponed. History shows sales tend to rebound after the election is over. In fact, home sales have actually increased 82% of the time in the year after the election (see chart below):That’s because once the election dust settles, buyers and sellers have a sense of what’s ahead and generally feel more confident moving forward with their decisions. And that leads to a boost in home sales.What To Expect in 2025If history is any indicator, that means more homes will sell next year. And based on the latest forecasts, that’s exactly what you should expect. As the graph below shows, the housing market is on pace to sell a total of 4.6 million homes this year, and projections are for 5.2 million total sales next year (see graph below):And that aligns with the typical pattern of post-election rebounds.So, while it might feel like the market is slowing down right now, it’s more of a temporary dip rather than a long-term trend. As has been the case before, once the election uncertainty passes, buyers and sellers will return to the market.Bottom LineIt's important to remember that while election years often bring a short-term slowdown in the housing market, the pause is usually temporary. Those sales are not lost. Data shows home sales typically increase the year after a Presidential election, and current forecasts indicate 2025 will be no different. If you’re waiting for a clearer picture before making a move, just know that the market is expected to pick up speed in the months ahead.

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Realty ONE Group Leaders

Andis Combi License ID: 475.192154

+1(773) 808-6240 info@rogleaders.com

6240 W Belmont Ave, Chicago, IL, 60634, United States

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17-27 N Grove AVE Elgin, IL 60120

Andis Combi

Andis Combi

Key Details

Location

Interior

Building

MORTGAGE CALCULATOR

We would love to talk to you about this property

17-27 N Grove AVE

GET MORE INFORMATION

Real Estate News, Tips & How-To Articles

How Real Estate Agents Take the Fear Out of Moving

Avoid These Top Homebuyer Mistakes in Today’s Market

Why Home Sales Bounce Back After Presidential Elections