Nwc Randall Rd & Hopps Rd Elgin, IL 60120
- Land
- 40.40 lot acres
Current Use by Public Records
- Land
Property Details for 0 Nwc Randall Rd & Hopps Rd
- Lot size
- 40.40 lot acres
- Property type
- Land
Description
This exceptional 40.4-acre parcel sits at the highly visible northwest corner of Randall Road and Hopps Road in Elgin, Illinois, zip code 60120. Located in Kane County, this property presents a rare development opportunity, being one of the last remaining large parcels on Randall Road. The land is zoned for agricultural use (Ag), offering flexibility for various commercial and residential projects. The asking price is $9,250,000, translating to a land value of $4 per square foot. This strategic location boasts a signalized intersection experiencing over 40,000 vehicles daily, ensuring high visibility and accessibility. The property's prime position within a high-traffic retail corridor places it adjacent to major retailers such as Sam's Club and Walmart, with the potential for shared access arrangements. The substantial lot size allows for the possibility of division, catering to diverse development plans. This presents a unique chance to capitalize on the strong retail presence and significant traffic volume in this rapidly growing area of Elgin. The property's location at 42.0352856 latitude and -88.2558525 longitude offers easy access to major transportation routes and a thriving community. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elgin
- County
- Kane
- State
- Illinois
- Longitude
- -88.2559
- Latitude
- 42.0353
