Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1770 Randall Rd Geneva, IL 60134

    Sponsored
    For Lease
    $20 SF/Yr ($10,225 /Mo)

    1,350 SF Available in A-Class Center

    Lot size:
    6,135 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    426
    Exceptional retail opportunity in Geneva, IL, at 1770 S Randall Rd. This 1,350 square foot space is part of a vibrant 6,135 square foot multi-tenant building, boasting a Class A designation and constructed in 1997. The property enjoys a prime location within a busy outlot shopping center, surrounded by national retailers such as Walmart, Home Depot, Best Buy, and many more, ensuring high visibility and foot traffic. Co-tenants include established businesses like Jersey Mike's Subs, UPS Store, and Great Clips, creating a synergistic retail environment. Its strategic position between Panera Bread and 5/3rd Bank further enhances its appeal. Benefit from strong monument signage on Randall Road, a key retail corridor in central Kane County. The area boasts impressive demographics, with a 5-mile radius population exceeding 120,000 and average household incomes surpassing $100,000. Proximity to Northwestern Medicine Delnor Community Hospital and Geneva Commons adds to the property's desirability. This space presents a rare opportunity to establish or expand your business in a thriving retail hub. No elevators are present in the building.

    Property Features for 1770 Randall Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,135 SF
    Class
    A
    Total Rate
    10225

    Building Details

    Year Built
    1997

    Spaces For Lease

    at 1770 Randall Rd, Geneva, IL 60134 Contact us
    Unit Suite D

    $20 /Mo

    Size
    1,350 SF
    Contact us

    We can help!

    Listing Contact
    Joel Miller
    Joel Miller

    Learn more

    Property Insight Report

    HighLights

    • High‑visibility retail outlot on Randall Road.
    • Monument signage opportunity available.
    • Strong tenant mix, including Jersey Mike's and The UPS Store.
    • Ample on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fehr Solutions Consultant The UPS Store Courier Service Houlahan Insurance Group Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Kane
    State
    Illinois
    Longitude
    -88.3413548
    Latitude
    41.8698346

    Nearby Similar for Lease

    • Contact for pricing

      Geneva Office Space For Rent

      Second-floor office space near Kane County buildings and courthouse.
      610 S 3Rd St, Geneva, IL 60134
      View Details
    • Contact for pricing

      Downtown Geneva Office Suite

      Spacious office suite in the heart of downtown Geneva.
      315 James St, Geneva, IL 60134
      View Details
    • Contact for pricing

      Downtown Geneva Office Space Available

      Recently rehabbed office space in a prime downtown location.
      321 James St, Geneva, IL 60134
      View Details
    • $2,000 /Mo
      5,372 SF

      Retail/Office Space in Geneva

      Newly renovated retail/office space with high visibility and parking.
      830 E State St, Geneva, IL 60134
      View Details
    • $1,400 /Mo
      834 SF

      Geneva Office Space for Rent

      Office space in historic building with river views and parking.
      24-26 N Bennett St, Geneva, IL 60134
      View Details
    • $7 SF/Yr
      23,265 SF

      Geneva Commercial Space for Lease

      Downtown Geneva Office & Retail
      524 State St, Geneva, IL 60134
      View Details
    • $20 SF/Yr
      261 SF

      Downtown Geneva Corner Office Suite

      Prominent corner location with elevator access and private parking.
      524-528 W State St, Geneva, IL 60134
      View Details
    • Contact for pricing
      14,016 SF

      Premier Retail and Restaurant Space

      Retail and restaurant spaces available in Geneva Commons.
      102-116 Commons Dr, Geneva, IL 60134
      View Details
    • Contact for pricing
      35,350 SF

      Geneva Retail Center Space Available

      Dominant shopping center anchored by The Fresh Market.
      702-718 Commons Dr, Geneva, IL 60134
      View Details
    • $23 SF/Yr
      10,430 SF

      Geneva Medical Office Space

      Modern Offices near Delnor Hospital
      2800 Keslinger Rd, Geneva, IL 60134
      View Details
    • Contact for pricing
      6,000 SF

      Randall Square Retail Space Available

      6,000 sq ft Retail Space in Dominant Center
      1596 Randall Rd, Geneva, IL 60134
      View Details
    • Contact for pricing
      1,358 SF

      Move-in Ready Medical/Dental Space

      Move-in ready medical/dental space in Geneva, Illinois.
      1000 S Randall Rd, Geneva, IL 60134
      View Details

    FAQs

    What type of property is this?
    Restaurant - 1,350 SF Available in A-Class Center
    Where is this restaurant located?
    The property is located at 1770 Randall Rd Geneva, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High-visibility retail outlot on Randall Road.; Monument signage opportunity available.; Strong tenant mix, including Jersey Mike's and The UPS Store.
    (630) 938-4950
    Request Owner's contact information
    1770 Randall Rd Geneva, IL 60134
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1770 Randall Rd
    Geneva, IL 60134
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1770 Randall Rd Geneva, IL 60134
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joel Miller
    Joel Miller
    Real Estate License ID: 475152032
    (630) 938-4950
    Learn more
    Google sign-in failed. Please try again or use another login method.