South Elgin Retail Investment
436 S Randall Rd, South Elgin, IL 60177
For Sale
Contact for pricing
New construction retail space with long-term lease in affluent area.
Property Size21,734 SF
Price / SF$184.04
Days on Market265
Property Features for 436 S Randall Rd
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Riser Retail Group Carmel
Listed By:
John F. Riser · License IL RB14036150
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Jul 30 at 6:52AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Brand new long term lease, expiring June 2031.
- New 2021 Class "A" construction.
- High traffic counts with over 38,000 vehicles per day.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,347
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,246,940
$5.2M
Cap Rate 7%
$3,747,814
$3.7M
Cap Rate 9%
$2,914,967
$2.9M
Market Conditions
NOI Build-Up for 21,734 SF
Gross rent
$391.2K $18.00/SF
− Vacancy
−$16.4K −$0.76/SF
EGI
$374.8K $17.24/SF
− OpEx
−$112.4K −$5.17/SF
NOI
$262.3K $12.07/SF
Area
Kane County, IL
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,246,940
Cap Rate 7%
$3,747,814
Cap Rate 9%
$2,914,967
Alternative Uses
Best Use
Retail
$3.75M
$3.28M – $4.37M
NOI $262,347 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.93M
$5.19M – $6.91M
NOI $414,847 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
260k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 32%
Home Improvements & Furnishings 22%
Groceries 17%
Shops & Services 16%
T.J. Maxx
Apparel
48,433 visits/mo
0.5 miles
Jewel-Osco
Groceries
45,378 visits/mo
0.3 miles
Ross Dress for Less
Apparel
33,562 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
33,519 visits/mo
0.2 miles
Best Buy
Electronics
24,434 visits/mo
0.1 miles
Demographics for 60177, IL
24,361
Population
8,700
Households
2.8
Avg Household Size
37
Median Age
38%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
2,737
Density / Sq Mi
$123,700
Median Household Income
$59,266
Median Earnings
$1,612
Median Rent
$296,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Kane County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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.
