1100 Randall RdElgin, IL 60124

  • Commercial real estate
  • 2.38 AC

Property Details for 1100 Randall Rd

Lot size
2.38 AC
Property type
Commercial real estate
APN
19-31-426-007
APU
1931426007

Description

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

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
$73,045
$464,823
$322,706
$787,529
-
$1,394,469
$968,118
$2,362,587

FAQs

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