Prime Land in Elgin,
For Sale
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2401 Weld Road, Elgin, IL 60124
High-growth area with unmet self-storage demand in Elgin, Illinois.
Property SizeContact for details
Days on Market78
Property Features for 2401 Weld Road
General Information
Standard status
Active
Property subtype
Land, Self Storage
Zoning
Currently in for approvals from the City of Elgin. Civil complete.
Investment Type
Redevelopment
Listing Agency:
Colliers - Rosemont, Illinois
Listed By:
Daniel Lynch · License #Illinois 471009936
Source:
Crexi
Added: May 26
Changed: Aug 8
Last Checked: Aug 10 at 2:08PM
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 Colliers - Rosemont, Illinois
Investment Insights
Based on property information with market context.
This property is located in a high-growth area of Elgin, Illinois, and benefits from a Main & Main (A+) location. Situated in an undersupplied market, the site offers high visibility, fronting US Highway-20 and Randall Road. Traffic counts exceed 30,000 vehicles per day. Market research indicates a significant unmet demand for self-storage space, with 252,955 square feet needed within a 2-mile radius and 365,740 square feet within a 3-mile radius. The supply per capita is 6.2. The location is positioned to capitalize on the lack of storage inventory and strong demand for storage.
Key Highlights
- A+ location at the intersection of US Highway‑20 and Randall Road.
- High visibility with traffic counts exceeding 30,000 vehicles per day.
- Located in a high‑growth area within an undersupplied self‑storage market.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
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Business Placement
Demographics for 60124, IL
24,859
Population
8,806
Households
2.8
Avg Household Size
42
Median Age
50%
College-Educated
96%
High-School Grad
38.2 sq mi
ZIP Area
651
Density / Sq Mi
$135,350
Median Household Income
$66,217
Median Earnings
$1,956
Median Rent
$403,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - High-growth area with unmet self-storage demand in Elgin, Illinois.
Where is this commercial land located?
The property is located at 2401 Weld Road Elgin, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: A+ location at the intersection of US Highway‑20 and Randall Road.; High visibility with traffic counts exceeding 30,000 vehicles per day.; Located in a high‑growth area within an undersupplied self‑storage market.
