Elgin Land Development
For Sale
$10,000,000
40 Acres Randall Road, Elgin, IL 60123
LAND - Elgin, IL
Property SizeContact for details
Lot Size40.40 Acres
Days on Market1026
Property Features for 40 Acres Randall Road
General Information
Property type
Land
Property subtype
Other
Zoning
AGRIC
Elementary school district
46
Middle school district
46
High school district
46
Directions
The property is generally located at the northwest corner of Randall & Hopps in unincorporated Kane County, adjacent to Elgin.
Subdivision
Elgin
Standard status
Active
APN
0633100004
Lot size
40.40 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
10060
Listing Agency:
Flanagan Realty, LLC.
(630) 791-0505
Listed By:
Daniel Flanagan · License #471000084
(630) 388-8522
Added: Oct 24, 2023
Changed: May 13
Last Checked: Aug 14 at 7:06AM
MLS# 11916080
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 40.4-acre property in Elgin, Illinois, presents an exceptional mixed-use development opportunity. The site is located on Randall Road, benefiting from high traffic volume of 40,000 vehicles per day at a full signalized intersection. The location is suitable for a combination of commercial and multi-family development. Potential uses include a strip center, fast food establishment, gas station, convenience store, sit-down restaurant, or auto sales. Sewer and water utilities are adjacent to the property, making it ready for development. The property is adjacent to Sam's Club and Walmart, with the possibility of shared access. It is also potentially divisible. The zoning is agricultural.
Key Highlights
- Rare Randall Road location with HIGH TRAFFIC (40,000 vehicles per day) at a signalized intersection.
- Exceptional mixed‑use development opportunity for commercial and multi‑family.
- Sewer and water adjacent, READY FOR DEVELOPMENT.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
138
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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 40.4 acres on Randall Road, ideal for mixed-use development.
Where is this commercial land located?
The property is located at 40 Acres Randall Road Elgin, IL.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Rare Randall Road location with HIGH TRAFFIC (40,000 vehicles per day) at a signalized intersection.; Exceptional mixed‑use development opportunity for commercial and multi‑family.; Sewer and water adjacent, READY FOR DEVELOPMENT.
