2500-2510 N Randall Rd - Retail FOR SALE


Elgin, IL 60124- Northwest Elgin
$4,435,000 USD
815-814-6500
2500-2510 N Randall Rd, Elgin, IL for Sale
$4,435,000 USD
Retail - FOR SALE
1/6
null | 5.75% Cap Rate

2500-2510 N Randall Rd
Elgin, IL 60124
Northwest Elgin


HIGHLIGHTS

  • 100% leased to four tenants, anchored by Chipotle with a drive-thru.
  • High-quality construction completed in 2019 with minimal landlord obligations.
  • Prime location at a signalized intersection with over 45,000 vehicles per day and immediate access to I-90.
  • Strong trade area demographics with an average household income exceeding $150,000 within a one-mile radius.

OVERVIEW

The Randall Road/I-90 Retail Center presents a premier investment opportunity in Elgin, Illinois. Built in 2019, this 7,896 SF multi-tenant retail property is 100% occupied by four tenants, including nationally recognized brands such as Chipotle (with drive-thru) and Verizon, alongside Poke West and Tabla Express. The property sits on 1.93 acres and offers 95 parking spaces, outdoor patios, and multiple signage opportunities, enhancing visibility and customer convenience. The center is strategically located at a signalized intersection along Randall Road, a high-traffic corridor with over 45,000 vehicles per day, and just off I-90, which sees approximately 105,000 vehicles daily. This location provides direct access to downtown Chicago via I-90 or METRA and is surrounded by major corporate parks, healthcare facilities, and residential developments, including the adjacent Watermark at the Grove luxury apartments. With a purchase price of $4,435,000 and a cap rate of 5.75%, the property generates a strong NOI of $254,939, supported by long-term leases with built-in rent escalations. Minimal landlord responsibilities and a robust trade area with strong demographics make this a stable, income-producing asset in a rapidly growing suburban market.

FOR SALE DETAILS

PRICE

$4,435,000 USD

PRICE/SF

$562 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Randall Rd/I-90 Retail Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

B3

APN/PARCEL ID

03-30-227-057

ASK ABOUT THIS PROPERTY

Mike DeaconPremier Commercial RealtyMore Info
815-814-6500

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Mike DeaconPremier Commercial RealtyMore Info
815-814-6500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.