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Elgin Office Suites For Rent
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1530 N Randall Rd, Elgin, IL 60123

Professional and medical office suites available for rent in Elgin.

Space Size2,235 SF - 2,367 SF
Property Size19,034 SF
Days on Market782

Property Features for 1530 N Randall Rd

General Information

Standard status Active
Size 2,235 SF - 2,367 SF
Total Parking Spaces 133
Property subtype Office
Lease Type Gross

Building Details

Building Size 19,034 SF
Year Built 1999
Tenancy Multiple

Spaces For Lease

at 1530 N Randall Rd Contact us

Suite 120

Size
2,235 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us

Suite 200

Size
2,367 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: Premier Commercial Realty
Listed By: Heather Schweitzer · License #IL 471019756
Source: Crexi
Added: Jul 1, 2024 Changed: Aug 8 Last Checked: Aug 20 at 9:14AM

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 Premier Commercial Realty

Investment Insights

Based on property information with market context.

Professional and medical office suites are available for rent in a 2-story, elevator-equipped office building. The building features common restrooms, ample parking, and monument signage on Randall Road, situated just south of I-90 at the corner of Randall and Capital St., across from Sherman Hospital. Suite 120 is a 2,235 square foot, first-floor professional office suite that includes 9 private offices, a conference room, and multiple windows providing natural light. Suite 200 is a 2,367 square foot, second-floor medical suite with a large waiting area, reception desk, 5 exam rooms, a lab, 2 private offices, 1 bath, a breakroom, a storage closet, and a file/server room. Existing furniture and medical equipment are negotiable.

Key Highlights

  • Prime location on Randall Road near I‑90 and across from Sherman Hospital.
  • Two suites available: a 2,235 SF professional office suite and a 2,367 SF medical suite.
  • Medical suite (Suite 200) includes a large waiting area, multiple exam rooms, lab, and private offices.

Property Analytics

Current Use

Associates in Pediatrics, SC Hospital Rehan Mohammad Hussain Ophthalmologist Dang Cheri a DDS Dental Office Elgin Clinic, Ltd Medical Clinic Connect Hearing Hearing Aid Store

Suggested Use

Top Pick Hair Salon Grocery & Convenience Store Pharmacy (Bike/Boat/Book/etc) Store Gym & Fitness Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,253
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60123, IL

47,932
Population
18,129
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
14.0 sq mi
ZIP Area
3,424
Density / Sq Mi
$86,762
Median Household Income
$40,288
Median Earnings
$1,226
Median Rent
$242,200
Median Home Value

Market

Lease Benchmarks for Elgin, IL

$20.95 /SF/Yr
Avg Asking Price
$17.75–$25 /SF/Yr
Price Range
13,401 SF
Avg Space Size

This space is priced 10% above the average of $20.95 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Professional and medical office suites available for rent in Elgin.
Where is this medical office space located?
The property is located at 1530 N Randall Rd Elgin, IL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Prime location on Randall Road near I‑90 and across from Sherman Hospital.; Two suites available: a 2,235 SF professional office suite and a 2,367 SF medical suite.; Medical suite (Suite 200) includes a large waiting area, multiple exam rooms, lab, and private offices.
(815) 236-9816 Call to check price and availability
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