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    815 Randall Rd Elgin, IL 60123

    For Lease
    Contact for pricing

    Elgin, IL: Prime Retail Opportunity

    Lot size:
    1,404 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity is located within a high-traffic Meijer store in Elgin, Illinois, at 815 S Randall Rd, zip code 60123. Two suites are available, offering 563 to 1,404 contiguous square feet of prime, front-of-store space. The location boasts unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept provides a range of benefits, including high foot traffic, an all-inclusive monthly fee covering taxes, insurance, CAM, and utilities, and excellent branding opportunities with both interior and exterior signage. The property is situated in a thriving trade area with a desirable customer base. Ideal for various businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. This is a unique opportunity to position your business within one of the Midwest's most well-known retail destinations. The property is located in a high-traffic area with excellent visibility and access to a large customer base. The all-inclusive monthly fee simplifies operations and reduces overhead costs. The available space is flexible and can accommodate a variety of business types.

    Property Features for 815 Randall Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,404 SF

    Unit(s) available at that property

    Space
    Suite E
    Size
    563 SF
    Space
    Suite D
    Size
    841 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.334669009069
    Latitude
    42.011760517901

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    FAQs

    What type of property is this?
    Individual retail property - Elgin, IL: Prime Retail Opportunity
    Where is this individual retail property located?
    The property is located at 815 Randall Rd Elgin, IL.
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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
    815 Randall Rd Elgin, IL 60123
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