This exceptional commercial land offering presents a rare opportunity to acquire one of two outparcels adjacent to a Walmart Supercenter in the thriving city of Elgin, Illinois. Located at the highly visible intersection of Randall and Bowes Roads, this site benefits from exceptional daily traffic counts exceeding 32,900 vehicles. The property is zoned PAB (Planned Area Business), allowing for a wide range of commercial development options. The available land parcels range in size from 3.78 to 8.84 acres, providing flexibility for various project scales. This prime location offers unparalleled visibility and accessibility, situated amongst other major retail giants including Sam's Club, Meijer, and Menards, ensuring high consumer traffic and strong brand synergy. The address is 1100 Randall Rd, Elgin, IL 60124, within Kane County. This is an ideal investment for developers seeking a high-impact location with significant growth potential in a well-established retail corridor. The property's strategic placement and zoning regulations make it an attractive proposition for businesses seeking to capitalize on the substantial foot traffic and strong consumer base in this area. The precise acreage of each available parcel will be disclosed upon request.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$21,466,598
Hospitality
$19,663,288
Educational
$16,359,625
Medical
$16,922,258
Retail
$25,448,304
Location Insight
City
Algonquin
County
Mchenry
State
Illinois
Latitude
42.1584
Longitude
-88.3365
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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