534 Randall Rd, Unit 34 South Elgin, IL 60177-3315
Property profile & analytics
534 Randall Rd, Unit 34 South Elgin, IL 60177-3315
- Commercial real estate
- 5,006 SF
- 1.47 lot acres
Property ID
US28-2697387
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- WellNow Urgent Care / Medical Clinic
Property Details for 534 Randall Rd
- Year built
- 2006
- Lot size
- 1.47 lot acres
- Property size
- 5,006 SF
- Property type
- Commercial real estate
- APN
- 09-05-428-008
- APU
- 905428008
Description
This exceptional investment opportunity presents a fully leased, two-tenant retail storefront in South Elgin, Illinois. The 7,000 square foot property, built in 2006 and renovated in 2024, sits on a 1.3-acre lot at 534 S Randall Rd, 60177. Anchored by Comcast Xfinity and WellNow Urgent Care, both tenants enjoy Net Net leases with a remaining lease term of 8.3 years. The property boasts a strong 6.50% cap rate and a substantial Net Operating Income (NOI) of $289,975. Leases include 10% rent increases every five years, providing significant long-term growth potential. Located in a high-traffic area with over 32,000 vehicles per day, the property benefits from its proximity to a Target Supercenter and other major retailers in South Elgin Commons, South Elgin Crossing, and Silver Glen Crossing. The surrounding area demonstrates high average household income ($187,500+) and significant population growth (8.8% in the past year), ensuring a stable and thriving tenant base. This prime retail location offers a secure, high-yield investment with substantial upside potential. The asking price is $4,460,000, translating to a price per square foot of $637.14. Lease options are available, varying across tenants. This is a rare opportunity to acquire a high-quality, infill retail property in a desirable and affluent location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,060,000
- ML approach
- $4,060,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Elgin
- County
- Kane
- State
- Illinois
- Longitude
- -88.3414
- Latitude
- 41.9758
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$50,641
$339,143
$240,553
$579,696
-
$1,017,429
$721,659
$1,739,088
