40 Acres Randall Road Elgin, IL 60123

Listing agent Daniel Flanagan License #471000084 Show Phone

Listing office Flanagan Realty, LLC. d**@flanaganland.com 36W739 Red Haw Lane, St Charles, IL Show Phone

Listing date Oct 24, 2023

Report an issue

MLS# 11916080 Listing URL

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Investment Insights

Based on property information with market context.

This 40.4-acre property in Elgin, Illinois, presents an exceptional mixed-use development opportunity. The site is located on Randall Road, benefiting from high traffic volume of 40,000 vehicles per day at a full signalized intersection. The location is suitable for a combination of commercial and multi-family development. Potential uses include a strip center, fast food establishment, gas station, convenience store, sit-down restaurant, or auto sales. Sewer and water utilities are adjacent to the property, making it ready for development. The property is adjacent to Sam's Club and Walmart, with the possibility of shared access. It is also potentially divisible. The zoning is agricultural.

Key Highlights

• Rare Randall Road location with HIGH TRAFFIC (40,000 vehicles per day) at a signalized intersection.
• Exceptional mixed‑use development opportunity for commercial and multi‑family.
• Sewer and water adjacent, READY FOR DEVELOPMENT.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $895,000

  14,000 SF

  Elgin Two-Story Commercial Building

  Two-story commercial building suitable for office, retail, or residential use.

  20-24 Douglas Avenue, Elgin, IL 60120

  View Details
• 

  $2,000,000

  12,400 SF

  Versatile Commercial Building in Elgin

  12,400 SF commercial building suitable for industrial, flex, or specialty uses.

  1175 Jansen Farm Court, Elgin, IL 60123

  View Details
• 

  $1,450,000

  9,500 SF

  Elgin Industrial Building with Heavy Power

  Manufacturing-ready industrial building with heavy power, cranes, and recent upgrades.

  303 Elgin Avenue, Elgin, IL 60120

  View Details
• 

  $150,000

  Ground-Floor Office Condo Suite

  Ground-floor office suite with natural light and 11 rooms, currently set up as dental and general office space.

  2000 Larkin Avenue, Elgin, IL 60123

  View Details
• 

  $499,900

  Duplex Residence with Finished Basement

  Two-unit duplex with a finished basement and a detached heated office garage, currently including an income-producing upper-level unit.

  386 E Chicago Street, Elgin, IL 60120

  View Details
• 

  $389,000

  Single-Story Brick Office Building

  Stand-alone office on a corner lot with parking for 13–18 and a 2022 roof, offered for sale as-is.

  530 N Mclean Boulevard, Elgin, IL 60123

  View Details
• 

  $3,324,000

  10,825 SF

  Shadow-Anchored Retail Strip Center

  Five-tenant strip center anchored by a remodeled grocery provides a built-in retail mix for durable day-to-day traffic.

  2-16 Tyler Creek Plaza, Elgin, IL 60123

  View Details
• 

  $279,000

  Mixed-Use Live-Work Property

  Residential income and a separate vacant commercial building offer RB-zoned flexibility for owner-users or investors.

  435 Washington Street, Elgin, IL 60123

  View Details
• 

  $199,900

  Elgin Land For Sale

  Commercial land with great location and exposure in Elgin, IL.

  441 S Mclean Boulevard, Elgin, IL 60123

  View Details
• 

  $930,000

  Six-Unit All-Electric Multifamily Building

  For sale six-unit multifamily building with all-electric setup, located on a small lot under MULTI zoning.

  75 N Lyle Avenue, Elgin, IL 60123

  View Details
• 

  $568,458

  Infill Retail-Adjacent Development Land

  Infill commercial lot off a high-traffic retail intersection, suited for quick-service or light automotive uses.

  37W156 McDonald Road South, Elgin, IL 60177

  View Details
• 

  $2,600,000

  1,600 SF

  Premium Trucking Terminal in Elgin

  Turnkey trucking facility with owner financing in prime location.

  300 Willard Ave, Elgin, IL 60120

  View Details

FAQs

What type of property is this?

Commercial land - 40.4 acres on Randall Road, ideal for mixed-use development.

Where is this commercial land located?

The property is located at 40 Acres Randall Road Elgin, IL.

What is the asking price?

The asking price for this property is $10,000,000.

What are key features of this property?

This property features: Rare Randall Road location with HIGH TRAFFIC (40,000 vehicles per day) at a signalized intersection.; Exceptional mixed‑use development opportunity for commercial and multi‑family.; Sewer and water adjacent, READY FOR DEVELOPMENT.