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    200 Randall Rd Elgin, IL 60123

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space, 4 units available.

    Lot size:
    7,725 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 21-suite shopping center in Elgin, Illinois, presents a compelling investment opportunity. Located at 200 S Randall Rd, 60123, in Kane County, this single-story center boasts a total of 21 suites, with 10,225 square feet currently vacant. Four spaces are immediately available, ranging from 1,050 to 4,100 square feet, ideal for a variety of retail uses. The center benefits from a strong tenant mix, including Burlington, Hobby Lobby, Party City, and Big Lots, with adjacent Target and nearby Marcus Theaters, Aldi, and numerous restaurants. This prime location enjoys exceptional visibility and ample parking, situated at the interchange of Lake Street/Hwy 20 and Randall Road, ensuring high traffic counts. The surrounding area demonstrates robust demographics, with over 140,000 people within a 10-minute drive, exhibiting average household incomes nearing $126,000. This established, outer suburban market in Elgin offers a stable and attractive environment for retail businesses. The property's strategic location and strong tenant base make it an excellent investment prospect.

    Property Features for 200 Randall Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,725 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Unit 226
    Size
    1,450 SF
    Space
    Unit 228
    Size
    1,125 SF
    Space
    Unit 248
    Size
    1,050 SF
    Space
    Unit 256
    Size
    4,100 SF

    HighLights

    • Exceptional 21‑suite shopping center investment opportunity in Elgin, IL.
    • 200 S Randall Rd, Elgin, IL 60123 (Kane County). Single‑story building totaling 21 suites, 10,225 SF currently vacant.
    • Four immediately available spaces (1,050 - 4,100 SF) suitable for various retail uses.
    • Strong tenant mix including Burlington, Hobby Lobby, Party City, and Big Lots; adjacent to Target.
    • High visibility location at Lake St/Hwy 20 and Randall Rd interchange with ample parking; strong demographics (140,000+ within 10‑minute drive, $126,000 avg. household income).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.340950114454
    Latitude
    41.990267198335

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, 4 units available.
    Where is this retail property located?
    The property is located at 200 Randall Rd Elgin, IL.
    What are key features of this property?
    This property features: Exceptional 21-suite shopping center investment opportunity in Elgin, IL.; 200 S Randall Rd, Elgin, IL 60123 (Kane County). Single-story building totaling 21 suites, 10,225 SF currently vacant.; Four immediately available spaces (1,050 - 4,100 SF) suitable for various retail uses.
    Request Owner's contact information
    200 Randall Rd Elgin, IL 60123
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    Elgin, IL 60123
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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
    200 Randall Rd Elgin, IL 60123
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