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Class A Medical Office Building
For Lease
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1600 North Randall Road, Elgin, IL 60123

Four-story medical office building with modern finishes and ample parking.

Space Size2,132 SF - 20,339 SF
Property Size99,903 SF
Days on Market163

Property Features for 1600 North Randall Road

General Information

Standard status Active
Size 2,132 SF - 20,339 SF
Class A
Property subtype Office

Building Details

Building Size 99,903 SF
Year Built 2009

Spaces For Lease

at 1600 North Randall Road Contact us

Suite 105

Size
2,132 SF
Term
Negotiable
Rate
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Contact us

Suite 205

Size
2,852 SF
Term
Negotiable
Rate
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Suite 222

Size
6,980 SF
Term
Negotiable
Rate
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Contact us

Suite 300

Size
20,339 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

Suite 405

Size
5,458 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Sperry Van Ness
Listed By: Olivia Czyzynski · License #475146577
Source: Svn
Added: Mar 26 Changed: Sep 3 Last Checked: Sep 4 at 5:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sperry Van Ness

Investment Insights

Based on property information with market context.

Randall Medical Pavilion is a four-story, 100,000 square foot Class A medical office building featuring modern finishes and abundant parking. The property offers a mix of finished, move-in ready suites, build-to-suit options, and full floor options of 20,339 rentable square feet. Custom-designed suites are available, along with generous tenant improvement allowances or turn-key buildouts. The property is owned and managed by RX Health & Science Trust. The tenant roster includes Northwestern Medicine & Derick Dermatology. Located directly on Randall Road, the property is a quarter of a mile from I-90. Downtown Chicago is 40 miles to the southeast, and O’Hare International Airport is 29 miles east. Elgin, located in Cook and Kane counties, is the 6th largest city in Illinois. Downtown Elgin is experiencing an economic turnaround with new multi-family housing projects, a River Walk along the Fox River, and a growing number of shops, restaurants, and galleries. The Metra Train Station enhances accessibility. The 255-bed Sherman Hospital, rebuilt in 2009, has driven additional medical business in the area.

Key Highlights

  • Class A medical office building with modern finishes and abundant parking.
  • Excellent tenant roster including Northwestern Medicine & Derick Dermatology.
  • Conveniently located directly on Randall Road, just 1/4 mile off of I‑90.

Property Analytics

Current Use

Northwestern Medicine Endocrinology ... Physician Comprehensive Urologic Care Medical Clinic Cranial Technologies Orthotics & Prosthetics Service 1600 Randall Road ... Real Estate Agency Suburban Orthopaedics Medical Clinic

Suggested Use

Top Pick Hair Salon Pharmacy Furniture & Home Goods Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) 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

1,315
Businesses Nearby
Well-served
Demand for This Use

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

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Four-story medical office building with modern finishes and ample parking.
Where is this medical office space located?
The property is located at 1600 North Randall Road Elgin, IL.
What are key features of this property?
This property features: Class A medical office building with modern finishes and abundant parking.; Excellent tenant roster including Northwestern Medicine & Derick Dermatology.; Conveniently located directly on Randall Road, just 1/4 mile off of I‑90.
More about this property
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