Multi-Tenant Retail Center with
For Sale
$4,435,000
2500 N Randall Road, Elgin, IL 60124
Built in 2019, this multi-tenant retail center is fully occupied with 95 parking spaces and a drive-thru.
Property Size7,896 SF
Days on Market111
Property Features for 2500 N Randall Road
General Information
Standard status
Active
Size
7,896 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$74,940
Building Details
Building Size
7,896 SF
Year Built
2019
Stories
1
Units
4
Listing Agency:
Premier Commercial Realty
(847) 854-2300
Listed By:
Michael Deacon
(847) 854-2300
Source:
Birdrealtysells
Added: May 5
Changed: Aug 23
Last Checked: Aug 19 at 7:44AM
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 Premier Commercial Realty
Investment Insights
Based on property information with market context.
Built in 2019, this 7,896 SF multi-tenant retail center is 100% occupied by four tenants, including Chipotle (with drive-thru) and Verizon, along with Poke West and Tabla Express. The property includes outdoor patios and multiple signage opportunities, and is supported by 95 parking spaces.
Located just off Randall Road in Elgin, the center sits at a signalized intersection along Randall Road, described as a high-traffic corridor, and is just off I-90. The listing notes daily traffic figures of more than 45,000 vehicles per day on Randall Road and approximately 105,000 vehicles per day on I-90, providing convenient access to the broader Chicago area via I-90.
The property is positioned on 1.93 acres and is described as having long-term leases with built-in rent escalations and minimal landlord responsibilities.
Located just off Randall Road in Elgin, the center sits at a signalized intersection along Randall Road, described as a high-traffic corridor, and is just off I-90. The listing notes daily traffic figures of more than 45,000 vehicles per day on Randall Road and approximately 105,000 vehicles per day on I-90, providing convenient access to the broader Chicago area via I-90.
The property is positioned on 1.93 acres and is described as having long-term leases with built-in rent escalations and minimal landlord responsibilities.
Key Highlights
- Built in 2019: 7,896 SF multi‑tenant retail property with four tenants and 100% occupancy
- Tenants include Chipotle (drive‑thru) and Verizon, plus Poke West and Tabla Express
- 1.93‑acre site with 95 parking spaces, outdoor patios, and multiple signage opportunities
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 35%
Electronics 5%
Hotels & Casinos 3%
Shell
Shops & Services
22,101 visits/mo
0.1 miles
Panera Bread
Dining
18,781 visits/mo
0.1 miles
Starbucks
Dining
12,302 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
3,024 visits/mo
0.1 miles
Verizon
Electronics
2,997 visits/mo
0.2 miles
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Built in 2019, this multi-tenant retail center is fully occupied with 95 parking spaces and a drive-thru.
Where is this strip mall located?
The property is located at 2500 N Randall Road Elgin, IL.
What is the asking price?
The asking price for this property is $4,435,000.
What are key features of this property?
This property features: Built in 2019: 7,896 SF multi‑tenant retail property with four tenants and 100% occupancy; Tenants include Chipotle (drive‑thru) and Verizon, plus Poke West and Tabla Express; 1.93‑acre site with 95 parking spaces, outdoor patios, and multiple signage opportunities
