Elgin's Commercial Property

The Elgin Development Group tracks various bits of local data and uses this information to understand the local economic landscape. The EDG also uses this information to let buinesses know that they are appreciated and welcome in Elgin. The table below shows Elgin’s various types of commercial property that includes 11 property types such as retail, industrial and office. We contact these property owners and businesses to let them know, as Elgin’s taxpayers, that the EDG is here to help them with any issues they may be experiencing. We build relationships.                   

                                                                                      * CoStar

Why is this important? Well, of the almost 1,800 commercial properties located in Elgin, the top 45 retail, industrial and office buildings represent 45% of the total square footage. The top 15 retail properties make up 40% of the total square footage of retail property, while the top 15 industrial properties make up a total of 41% of the total amount of square footage of industrial property in Elgin. The top 15 office properties make up 49% of the total amount of office building square footage. These businesses and property owners, whether they are locally owned or owned by national companies, are our largest property and sales taxpayers. The EDG makes sure that they are equally respected and valued