Contacts
Versa Real Estate Services
Versa Real Estate Services
Versa Real Estate Services
Property Details
- Property Type Healthcare
- Property Size 254,000 SF
- Lot Size 4.66 Acre
- # of Floors 3
- Parking Spaces Avail. 536
- Parking Ratio 2.11 / 1,000 SF
- Property Tenancy Multi-Tenant
- Year Built 1984
- Year Renovated 2020
- Date Updated Sep 18, 2025
Versa Real Estate Services, as the exclusive agent, is pleased to offer for sale the fee simple interest in 901 Center Street, Elgin, Illinois, the former site of Sherman Hospital. The property includes approximately 254,000 square feet of building space situated on 14.4 acres in a residential neighborhood east of the Fox River, just one mile south of I-90 and less than a mile north of downtown Elgin, offering excellent accessibility. The hospital complex spans three parcels totaling 8.48 acres, with an adjacent parking area comprising 22 parcels totaling 5.92 acres. Given the substantial land and building footprint, the site presents a wide range of re-development or adaptive reuse opportunities.
Potential uses include:
• Healthcare or medical facilities
• Mixed-use or residential development (single-family, townhomes, apartments)
• Community or recreational centers
• Educational or innovation hubs
• Senior or assisted living facilities
• Entertainment venues or cultural spaces
• Public parks or green space
Elgin has experienced notable economic growth over the past five years. Known for its strong manufacturing base, including metal products, electronics, and industrial machinery, the city is home to major employers such as NTN Bearing, Motorola Solutions, Harting Technology Group, Fisher Nuts, and Wanxiang America Corporation. Other key employers include Elgin School District U-46, Advocate Sherman Hospital, Ascension Saint Joseph Hospital, and J.P. Morgan Chase.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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40/100
Walk Score ®
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30/100
Transit Score ®
-
64/100
Bike Score ®
Location
- City Elgin, IL
- Neighborhood Northeast Elgin
- Zip Code 60120
- Market Chicago
Points of Interest
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Elgin
1.29 miles
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Big Timber Road
2.47 miles
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Bartlett
6.60 miles
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BP
0.62 miles
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Speedway
0.78 miles
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Citgo
0.82 miles
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Price-Rite
0.85 miles
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Marathon
0.89 miles
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Shell
1.01 miles
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Thorntons
1.49 miles
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7-Eleven
1.72 miles
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Volta
3.34 miles
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Tesla Supercharger
4.03 miles
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Parking St. John's Lutheran Church
1.07 miles
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Fountain Square Way
1.26 miles
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Pace Bus I-90 & IL-25 Park-n-Ride
1.27 miles
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Grand Victoria Casino Parking Garage
1.55 miles
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Jelkes Creek Bird Sanctuary parking
2.25 miles
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Big Timber Road Commuter Parking
2.43 miles
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Volunteer Parking
2.70 miles
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Private Parking
3.02 miles
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East Dundee public parking
3.08 miles
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Beverly Lake Parking Lot
3.29 miles
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Hampton Elgin
1.13 miles
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Super 8 Elgin
1.25 miles
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Holiday Inn Elgin
1.35 miles
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Days Inn
1.36 miles
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Quality Inn Elgin
1.36 miles
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Extended Stay America Elgin
1.44 miles
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Courtyard Elgin
1.46 miles
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Colonial Lodge Motel
2.01 miles
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Country Inn & Suites Elgin
3.31 miles
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Candlewood Suites Elgin
3.56 miles
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Elgin Fresh Market
1.21 miles
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ALDI
1.24 miles
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La Roca
1.25 miles
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Jewel-Osco
1.51 miles
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Butera Market
1.67 miles
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The Milk Pail
1.85 miles
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Sunset Center
2.34 miles
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Walmart
3.03 miles
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Spring Hill Fashion Corner
3.17 miles
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Spring Hill Mall (former)
3.42 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.