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    1530 Randall Rd Elgin, IL 60123

    Sponsored
    For Lease
    $23 SF/Yr

    Two suites available, ideal for medical or professional use.

    Lot size:
    19,034 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional office property, located at 1530 N Randall Rd #120 & 200 in Elgin, IL, offers two distinct suites perfect for a variety of professional or medical uses. The building, constructed in 1999, boasts a total of 19,034 square feet across three stories. Suite 120, a 2,235 square foot first-floor space, features nine private offices, a conference room, and abundant natural light. This suite is available for $4,283.75 per month gross ($23 per square foot). Suite 200, a 2,367 square foot second-floor medical suite, includes a large waiting area, reception desk, five exam rooms, a lab, two private offices, a breakroom, storage, and a file/server room. Existing medical furniture and equipment are negotiable. The monthly rent for Suite 200 is $4,536.75 gross ($23 per square foot). Both suites benefit from the building's amenities, including 133 parking spaces, an elevator, common restrooms, and prominent monument signage on Randall Road. The building is conveniently located just south of I-90, at the corner of Randall and Capital Streets, across from Sherman Hospital. The property is zoned C4 and has a Kane County APN of 03-31-400-048. The building's power supply is 200 amps, and the ceiling height is 9 feet. Minimum divisible space is 2,235 square feet, with a maximum contiguous space of 2,367 square feet.

    Property Features for 1530 Randall Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,034 SF
    Total Rate
    36481.83

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 120
    Size
    2,235 SF
    Rate per SF
    $23
    Space
    Suite 200
    Size
    2,367 SF
    Rate per SF
    $23

    HighLights

    • 1530 N Randall Rd #120 & 200, Elgin, IL: Two suites totaling 4,602 square feet available in a 1999‑built, three‑story building.
    • Suite 120 (2,235 SF, 1st floor): Nine private offices, conference room, abundant natural light. $4,283.75/month gross ($23/SF).
    • Suite 200 (2,367 SF, 2nd floor): Medical suite with waiting area, reception, five exam rooms, lab, two offices, breakroom, storage, and server room. Existing medical furniture negotiable. $4,536.75/month gross ($23/SF).
    • Building amenities include 133 parking spaces, elevator, and prominent Randall Road signage. Convenient I‑90 access, across from Sherman Hospital. C4 zoning, Kane County APN 03‑31‑400‑048.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.336320810529
    Latitude
    42.07078039398

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    FAQs

    What type of property is this?
    Medical office - Two suites available, ideal for medical or professional use.
    Where is this medical office located?
    The property is located at 1530 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: 1530 N Randall Rd #120 & 200, Elgin, IL: Two suites totaling 4,602 square feet available in a 1999-built, three-story building.; Suite 120 (2,235 SF, 1st floor): Nine private offices, conference room, abundant natural light. $4,283.75/month gross ($23/SF).; Suite 200 (2,367 SF, 2nd floor): Medical suite with waiting area, reception, five exam rooms, lab, two offices, breakroom, storage, and server room. Existing medical furniture negotiable. $4,536.75/month gross ($23/SF).
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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.

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    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.

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    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
    1530 Randall Rd Elgin, IL 60123
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