Listing Agency: CBRE - Chicago s***@cbre.com Show Phone

Listed By: Sean McCourt Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 9 Last Checked: Aug 20 at 7:26AM

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Investment Insights

Based on property information with market context.

Two Walmart outparcels are available along S Randall Rd. The location benefits from PAB (Planned Area Business) Zoning. Situated at the intersection of Bowes and Randall Roads, the site experiences high traffic volume, with 32,900 vehicles per day. Other major retailers in the vicinity include Sam’s Club, Meijer, and Menards. The property size is 12 square feet.

Key Highlights

• Two Walmart Outparcels Available
• Located at Highly Trafficked Intersection (32,900 VPD)
• PAB (Planned Area Business) Zoning

Property Analytics

Property Profile

Current Use

Nelsen Maria OD Physician Walmart Pharmacy Pharmacy Walmart Photo Center (Bike/Boat/Book/etc) Store Walmart Garden Center Garden Center ecoATM Recycling Center

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

364

Businesses Nearby

Explore this area Business Placement

Demographics for 60123, IL

47,932

Population

18,129

Households

2.6

Avg Household Size

37

Median Age

24%

College-Educated

84%

High-School Grad

14.0 sq mi

ZIP Area

3,424

Density / Sq Mi

$86,762

Median Household Income

$40,288

Median Earnings

$1,226

Median Rent

$242,200

Median Home Value

Market

Lease Benchmarks for Elgin, IL

$17.5 /SF/Yr

Avg Asking Price

$12–$20 /SF/Yr

Price Range

3,415 SF

Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Two retail outparcels available in a high-traffic area.

Where is this retail space located?

The property is located at 1100 S Randall Rd Elgin, IL.

What are key features of this property?

This property features: Two Walmart Outparcels Available; Located at Highly Trafficked Intersection (32,900 VPD); PAB (Planned Area Business) Zoning