opening a business in downtown elgin
opening a business in downtown elgin

Opening a New Businesses in Downtown Elgin: The 9 Most Wanted

A key part of the DNA’s mission to create a thriving downtown is the ongoing search for new businesses that enhance current downtown offerings. The following new business priority list was assembled with input from the community, needs DNA has identified through research, and in consideration of current businesses trends. As the search for new business partners continues, the Downtown Neighborhood Association will prioritize marketing outreach for businesses in the following 9 categories.

Downtown Elgin Redevelopment

#1 RESTAURANTS

Concepts and cuisine not already represented in the downtown or Elgin as a whole such as:

  • Ethnic cuisine
  • Vegan / specific diets
  • Breakfast
  • Ice cream
  • Al fresco dining
  • Rooftop, outdoor patio and riverfront
Downtown Elgin Redevelopment

#2 BEVERAGE CONCEPTS

Unique beverage concepts to enhance existing bar options and grow downtown nightlife.

  • Brewery
  • Distillery
  • Wine bar
  • Craft cocktail lounge
  • Sports bar
Downtown Elgin Redevelopment

#3 ENTERTAINMENT

Experiential adult-focused and family friendly concepts such as:

  • Vintage arcade
  • Video gamer / hobby store / comics
  • Competitive entertainment – ax throwing, shuffleboard, bocce ball, billiards, etc
  • Live music concepts

WHY LOCATE IN DOWNTOWN ELGIN?

The cost of real estate in Downtown Elgin is as much as 30% lower than surrounding competing communities. On average the cost of commercial space in Downtown Elgin is $8-$13 per square foot.

Downtown Elgin Redevelopment

#4 CLOTHING/APPAREL

  • Menswear – unique and modern styles for professional and casual wear
  • Urban wear – t-shirts, sneakers, accessories, artistic styles and on trend brands
  • Recreation focused – skateboarding, river sports, running, athletics
  • Ladies – unique, handmade, small batch, locally produced, free trade or quality vintage
  • Kids – clothing, toys, novelty items
Downtown Elgin Redevelopment

#5 CANNABIS DISPENSARY

The DNA and City of Elgin are actively pursuing a Cannabis Dispensary to locate within the downtown.

DNA works closely with local property owners and can help identify properties that meet requirements for this use.

Click here to review City of Elgin Cannabis information.

Downtown Elgin Redevelopment

#6 UNIQUE RETAIL

One-of-a-kind stores selling quality products not currently represented downtown. In-store programming and unique service models are a plus.

  • Independent book store
  • Houseplants and gardening
  • Body care
  • Housewares

WHAT SERVICES DOES THE DNA OFFER?

The Downtown Neighborhood Association of Elgin offers free business support services to all businesses within the downtown. Services are designed to maximize business exposure while staying true to the DNA mission of creating a thriving downtown.

Downtown Elgin Redevelopment

#7 FOOD MARKET/CONVENIENCE

A small scale neighborhood market offering grocery and essential supplies focused towards downtown resident and visitor needs.

Downtown Elgin Redevelopment

#8 LODGING

DNA partners with the Elgin Area Convention & Visitor Bureau (EACVB) to help provide support and information on area trends for lodging businesses.

  • Boutique hotel
  • Bed & Breakfast
Downtown Elgin Redevelopment

#9 OFFICE BUSINESSES

Downtown Elgin could be ideal for a headquarters or administrative offices. Companies adding to the daytime foot traffic are encouraged to explore upper level properties featuring city or river views.

  • Admin offices
  • Tech-based businesses
  • Marketing and creative
  • Architecture

Let’s Get Started on Your Future in Downtown Elgin!