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    1000 N Randall Rd Elgin, IL

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    For Sale
    Contact for pricing

    Two buildings on 81.79 acres with redevelopment opportunities.

    Property size:
    509,340 SF
    Lot size:
    31.26 Acres

    Property Features for 1000 N Randall Rd

    General Information

    Size
    509,340 SF
    Lot size
    31.26 Acres

    Source: Lee & Associates | Chicago Agent Kenneth Franzese

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elgin Commercial Property with Development Potential

    This commercial property in Elgin, Illinois, encompasses 81.79 acres and features two existing commercial buildings totaling 509,340 square feet. The surplus land offers potential for development or expansion. Adaptive re-use scenarios include mixed-use, multi-family residential, senior housing, senior care operations, flex/technology, medical office and related uses, research and development, and a corporate headquarters.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2558525
    Latitude
    42.0352856

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    FAQs

    What type of property is this?
    Office building - Two buildings on 81.79 acres with redevelopment opportunities.
    Where is this office building located?
    The property is located at 1000 N Randall Rd Elgin, IL.
    What are key features of this property?
    This property features: - Substantial Size: 509,340 RSF across two existing commercial buildings.; - Large Land Parcel: 81.79 acres, offering significant development or expansion possibilities.; - Adaptive Re-Use Potential: Suitable for mixed-use, multi-family residential, senior housing/care, flex/technology, medical office, R&D, or corporate HQ.
    (847) 456-4213
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    1000 N Randall Rd Elgin, IL
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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
    1000 N Randall Rd Elgin, IL
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