500 Fulton Street South Elgin, IL 60177

Current Lions Club building sits on 3.5 acres +/-. Property is zoned R1 for residential, but the Village of South Elgin has expressed a willingness to rezone for the right project to create the highest and best use of the property. Building is older, but the exterior is solid mostly brick construction, the roof is newer, there are 2 parking lots to hold 50+ cars, mechanicals have all been maintained and/or replaced. Building is approximately 4,000 square feet, with 2 floors that can be converted for new use, plus a sub basement for lots of extra storage and a small kitchen located on the upstairs floor. Property backs to beautiful Lions park along the river and would make a great location for a few small apartment buildings, or possibly assisted living or nursing home. Since this is a residential area, no liquor licenses will be issued. Building still has a lot of economic life left if purchaser wishes to rehab the inside for a new use.