500 S RANDALL Road, Elgin, IL 60123

Listing agent Ben Henrikson License #475091643 Show Phone

Listing office RE/MAX Horizon r**@foxvalleyhomesales.com 374 N McLean, Elgin, IL Show Phone

Listing date Jun 20, 2016

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MLS# 09264702 Listing URL

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Overview

This offering is 18 acres of commercial land zoned COMMR, positioned for phased or multi-product development across the front and rear of the property. The city is open to retail or commercial uses along the frontage, with multi-family apartment development on the rear.

The site is located at 500 S Randall Road in Elgin and sits along Randall adjoining the Otter Creek Shopping Center on the south end. The configuration supports planning for a frontage-driven use while preserving space for residential development further back on the parcel.

For developers evaluating mixed-use product, this property presents a straightforward framework: pursue retail or commercial activity along the road frontage, while considering multi-family apartments toward the rear. It is also noted to be located in the 301 School District, which can be a relevant factor for multi-family planning and tenant demographics when designing a residential component.

Suggested Use

Real Estate Agency Law Firm Auto Repair Shop Auto Parts Store Storage Facility Department Store Kitchen & Bath Showroom Hotel & Motel Garden Center Hair Salon

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

Location Insight

• Map
• Local Demand

City

Elgin

County

Cook

State

Illinois

Longitude

-88.340402

Latitude

42.022389

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FAQs

What type of property is this?

Commercial land - 18 acres along Randall next to Otter Creek Shopping Center, with frontage for retail or commercial and rear for apartments.

Where is this commercial land located?

The property is located at 500 S RANDALL Road Elgin, IL.

What is the asking price?

The asking price for this property is $2,350,000.

What are key features of this property?

This property features: 18 acres of land along Randall, adjoining the Otter Creek Shopping Center on the south end; City is open to retail/commercial on the frontage of the land; Multi‑family apartments allowed on the rear per city openness