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    456-467 Redington Dr South Elgin, IL 60177

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    For Lease
    Contact for pricing

    South Elgin Executive Office Space Available

    Lot size:
    13,618 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13,618 square foot office building, constructed in 2006, offers multiple suites for lease in the thriving South Elgin, Illinois community. Located at 456-467 Redington Drive, in Kane County, this executive office space boasts 5,190 square feet currently available, with spaces ranging from 743 to 2,296 contiguous square feet. Second-floor tenants enjoy a private rear entryway, elevator access, ADA-compliant bathrooms, and a lobby directory. Ample on-site parking (1 space per 1,000 square feet) is provided, along with tenant signage opportunities on Briargate Drive. The property benefits from its location near Randall Road, offering easy access to major roadways, including the interstate system (approximately 6.8 miles north), and numerous amenities. Nearby retailers include Jewel Osco, Aldi, Walmart, Target, and many more, catering to both employees and visitors. The surrounding area features a high average household income of approximately $170,000 per year, making it an attractive location for businesses seeking a strong market presence. Co-tenants include Orange Theory, Pure Barre, Eye Level, Riverside Pizza & Pub, and Village Tavern, creating a vibrant and diverse community within the building. This property presents a unique opportunity to establish a presence in a desirable and convenient location.

    Property Features for 456-467 Redington Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,618 SF

    Building Details

    Year Built
    2006

    Unit(s) available at that property

    Space
    Suite 201
    Size
    1,503 SF
    Space
    Suite 202
    Size
    2,296 SF
    Space
    Suite 203
    Size
    648 SF
    Space
    Suite 204
    Size
    743 SF

    HighLights

    • Second‑floor space available for lease at Crossroads at Briargate, near Randall Road.
    • Located in a high‑income area with average household income exceeding $170,000 annually.
    • Second‑floor tenants enjoy elevator access, shared restrooms, and lobby directory.
    • Ample on‑site parking.
    • Situated in a vibrant retail corridor with numerous national retailers, grocery stores, and service businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.342793
    Latitude
    41.980626

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    FAQs

    What type of property is this?
    Office Property / Space - South Elgin Executive Office Space Available
    Where is this office property / space located?
    The property is located at 456-467 Redington Dr South Elgin, IL.
    What are key features of this property?
    This property features: Second-floor space available for lease at Crossroads at Briargate, near Randall Road.; Located in a high-income area with average household income exceeding $170,000 annually.; Second-floor tenants enjoy elevator access, shared restrooms, and lobby directory.
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    Realmo Value Estimation

    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.

    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.

    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
    456-467 Redington Dr South Elgin, IL 60177
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