Mixed-Use
Bella Casa Development
880 Summit St, Elgin, IL 60120
Listing Price: $2,499,000
Investment Overview
The City of Elgin previously approved approximately 150± residential units, approximately 17,000 square feet of retail space, and 312 parking spaces. The original plan called for five buildings—two along Summit Street (each with a retail component) and three interior buildings. The zoning is PAB (Planned Area Business), a specialized district in Elgin, IL, for commercial developments of at least two acres. It allows deviations from standard AB (Area Business) zoning regulations, such as parking, landscaping, or building height requirements. These districts are often used for planned shopping centers.
As of February 2026, the apartment vacancy rate in Elgin, Illinois, is approximately 1.8%, representing an extremely tight rental market (Apartments.com).
Exclusively Listed By
Listing Price: $2,499,000
Investment Highlights
- Favorable Zoning (PAB)
- Full Ingress and Egress off Summit Street
- Situated on the Main Retail Corridor
- Boasting Over 17,000 Vehicles Per Day
- Low Apartment Vacancy (1.8%) Rate in Elgin, IL
Investment Overview
The City of Elgin previously approved approximately 150± residential units, approximately 17,000 square feet of retail space, and 312 parking spaces. The original plan called for five buildings—two along Summit Street (each with a retail component) and three interior buildings. The zoning is PAB (Planned Area Business), a specialized district in Elgin, IL, for commercial developments of at least two acres. It allows deviations from standard AB (Area Business) zoning regulations, such as parking, landscaping, or building height requirements. These districts are often used for planned shopping centers. As of February 2026, the apartment vacancy rate in Elgin, Illinois, is approximately 1.8%, representing an extremely tight rental market (Apartments.com).
Exclusively Listed By
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