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    500 S Randall Rd Elgin, IL 60123

    Under Contract
    For Sale
    $2,350,000

    Land - Elgin, IL

    Lot size:
    18.00 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 500 S Randall Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    0621101031
    Lot size
    18.00 Acres

    Building Details

    Architectural style
    Other

    Patron, Inc (dba RE/MAX Horizon) (630) 215-6600 [email protected]

    Listing agent Ben Henrikson (847) 931-7500 License #475091643

    Listing date Dec 3, 2025

    MLS# 09264702 Listing URL

    Copyright © 2025 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.

    Overview

    Prime 18 Acres on Randall

    This property features 18 acres of land located along Randall Road, adjoining the Otter Creek Shopping Center on the south end. Access is available from South Street Extension and Randall Road. The city is open to retail and commercial development on the frontage of this land, as well as multi-family apartments on the rear. The property is located in the 301 School District.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.3691
    Latitude
    42.0339

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    FAQs

    What type of property is this?
    Commercial land - 18 acres suitable for retail, commercial, and multi-family development.
    Where is this commercial land located?
    The property is located at 500 S Randall Rd Elgin, IL.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: - Prime 18-acre land parcel.; - Adjoins the Otter Creek Shopping Center.; - Accessible from South Street Extension and Randall Road.
    (847) 931-7500
    Request Owner's contact information
    500 S Randall Rd Elgin, IL 60123
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    Elgin, IL 60123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 S Randall Rd Elgin, IL 60123
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