Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    South Elgin Retail Investment Opportunity Title is generated by Realmo AI

    436 S Randall Rd, South Elgin, IL 60177

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New construction retail space with long-term lease in affluent area.

    Type:Retail
    Property size:
    21,734 SF
    Price / SF:
    $184/SF
    Added:
    Feb 18, 2026
    Days on Market:
    84
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 436 S Randall Rd

    General Information

    Standard status
    Active
    Size
    21,734 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    John F. Riser

    Listing agent John F. Riser License #RB14036150

    Listing office Riser Retail Group Carmel

    Listing date Feb 18, 2026

    Source Crexi

    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 Riser Retail Group Carmel

    HighLights

    • Brand new long term lease, expiring June 2031.
    • New 2021 Class "A" construction.
    • High traffic counts with over 38,000 vehicles per day.
    • High income demographics with an average household income of over $200,000 within a 1‑mile radius.
    • Located within the affluent Chicago MSA.
    • Updated parking field completed in Summer 2022.

    Overview

    This is a newly constructed Class A retail space, built in 2021. The property is 100% occupied and features a brand new long-term lease extending to June 2031. Located within an affluent Chicago MSA, the property benefits from high income demographics, with an average household income exceeding $200,000 within a 1-mile radius. The store opened in 2021. The parking field was updated in the summer of 2022. The location offers multiple points of ingress and egress and experiences high traffic counts of over 38,000 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UPS Access Point ... Courier Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    South Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.344024
    Latitude
    41.9835062

    Nearby Similar for Sale

    • $670,000

      Mixed-Use Strip Center Investment

      Four-unit mixed-use property with income and upside potential.
      375-395 E State Street, South Elgin, IL 60177
      View Details
    • $575,000
      2,763 SF

      Premium Office Condo For Sale

      Two-unit office condo in South Elgin's Thornwood Professional Center.
      460 Briargate Drive #500, South Elgin, IL 60177
      View Details
    • $549,000
      15,430 SF

      Furnished Office Condo For Sale

      Class A office condominium in South Elgin, Illinois.
      460 Briargate Drive Unit 500, South Elgin, IL 60177
      View Details
    • $575,000
      2,763 SF

      Premium Office Condo For Sale

      Two-unit office condo in South Elgin's Thornwood Professional Center.
      460 Briargate Drive #500, South Elgin, IL 60177
      View Details
    • $7,539,295
      19,500 SF

      Veterinary Portfolio in Chicago Suburbs

      Three properties, 100% leased to Mission Pet Health.
      477 Briargate Dr, South Elgin, IL 60177
      View Details
    • $75,000

      Profitable Gaming Property For Sale

      Recently renovated gaming property available for purchase.
      310 N LaFox Street, South Elgin, IL 60177
      View Details
    • $2,500,000
      11,569 SF

      Vacant Retail Building For Sale

      11,569 SF vacant retail building adjacent to Randall and Thornwood.
      474 Redington Dr, South Elgin, IL 60177
      View Details
    • Contact for pricing
      32,415 SF

      Class A Medical Office Building

      Class A medical office building with strong tenancy.
      2000 McDonald Rd, South Elgin, IL
      View Details

    FAQs

    What type of property is this?
    Retail space - New construction retail space with long-term lease in affluent area.
    Where is this retail space located?
    The property is located at 436 S Randall Rd South Elgin, IL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Brand new long term lease, expiring June 2031.; New 2021 Class "A" construction.; High traffic counts with over 38,000 vehicles per day.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John F. Riser
    Real Estate License ID: RB14036150
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    436 S Randall Rd, South Elgin, IL 60177
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!