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    558-586 Randall Rd South Elgin, IL 60177

    For Lease
    $20 SF/Yr

    South Elgin, IL: Prime Retail Space Available

    Lot size:
    32,154 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail property, located at 558-586 Randall Road in South Elgin, Illinois, presents a unique investment opportunity. The 32,154 square foot strip center, built in 2005, sits on a 2.91-acre lot in Kane County (zip code 60177). The property boasts a strong tenant mix, including established businesses such as Brianna's Pancake Cafe, AJ Sliders, Dogtopia, Harmony Chiropractic, Critter's Pet Shop, Signature Cleaners, and Katie Nails, ensuring high visibility and foot traffic. Multiple suites are available, ranging from a minimum of 2,804 square feet to a maximum contiguous space of 4,345 square feet. The flexible unit layouts and prominent facade signage offer excellent opportunities for a variety of retail, medical, fitness, or service-based businesses. The property's location in a thriving commercial area provides easy access for customers and employees. This well-maintained center offers a chance to establish a presence in a bustling community with a proven track record of success. The five total suites provide a diverse tenant base, contributing to a stable and profitable investment. This is an ideal opportunity for businesses seeking high visibility and a strong location in a well-established commercial center. The property's size and layout offer flexibility for various business needs, making it a versatile and attractive option for potential tenants. Contact us today to learn more about this exceptional retail space.

    Property Features for 558-586 Randall Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,154 SF
    Total Rate
    53590

    Building Details

    Year Built
    2005

    Unit(s) available at that property

    Space
    564-568
    Size
    4,345 SF
    Rate per SF
    $20
    Space
    Suite 586
    Size
    2,804 SF
    Rate per SF
    $25

    HighLights

    • 32,154 SF strip center on a 2.91‑acre lot in South Elgin, IL (60177).
    • Strong tenant mix including Brianna's Pancake Cafe, AJ Sliders, and others.
    • Multiple suites available, 2,804 SF - 4,345 SF contiguous.
    • Excellent visibility and high foot traffic in a thriving commercial area.
    • Built in 2005, well‑maintained with five total suites.
    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 Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    South Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.342611681134
    Latitude
    41.973756473825

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    FAQs

    What type of property is this?
    Retail property - South Elgin, IL: Prime Retail Space Available
    Where is this retail property located?
    The property is located at 558-586 Randall Rd South Elgin, IL.
    What is the lease rate?
    The lease rate is $20-$25 SF/Yr.
    What are key features of this property?
    This property features: 32,154 SF strip center on a 2.91-acre lot in South Elgin, IL (60177).; Strong tenant mix including Brianna's Pancake Cafe, AJ Sliders, and others.; Multiple suites available, 2,804 SF - 4,345 SF contiguous.
    Request Owner's contact information
    558-586 Randall Rd South Elgin, IL 60177
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    South Elgin, IL 60177
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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
    558-586 Randall Rd South Elgin, IL 60177
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