40 Acres Randall Road Elgin, IL ^$ 9,250,000

40 Acres Randall Road

^$ 9,250,000

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40 Acres Randall Road

Elgin, IL, 60123

^$ 9,250,000

Studio Baths0.0

Monthly Estimate*

^$ 64,614

40 Acres Randall Road, Elgin, IL 60123 - Image 1

40 Acres Randall Road, Elgin, IL 60123 - Image 2

40 Acres Randall Road, Elgin, IL 60123 - Image 3

Studio

Lots and Land for sale in Elgin, IL

for $9,250,000. The lot size is 40.4.

Exceptional mixed use development opportunity! Potential for combination of commercial and multi-family. Rare Randall Road location with 40,000 vehicles per day at a full signalized intersection. Ideal location for strip center, fast food, gas station, convenience store, sit down restaurants, auto sales, etc. Sewer and water adjacent, ready to develop! Adjacent to Sam's & Walmart with possible shared access. Potentially divisible. +/-40.4 acres

Lots and Land Active

Price

^$ 9,250,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 10,060

Style

Agricultural

Lot Size

40.4

Town/City

Elgin

County/Region

Kane

MLS | Web ID

11916080

Features

General

Utilities Sanitary Sewer Water Nearby

Possession Closing

Zoning AGRIC

Township Elgin

Tax Year 2022

Current Use Agricultural

Percent Ownership Fee Simple

County Kane

Property Type Land Land

Possible Use Commercial

Status Active

Directions The property is generally located at the northwest corner of Randall & Hopps in unincorporated Kane County adjacent to Elgin.

City Elgin

High School District 46

MLS Area Elgin

Waterfront Y/N N

Street Name Randall

Tax Annual Amount 10060.36

Additional Parcels Y/N Y

Days on Market 9

Standard Status Active

Middle/Junior School District 46

Elementary School District 46

Exterior

Total Parking 0

Lot Dimensions 1500X1200

Lot Size Acres 40.4

Road Surface Type Asphalt

Frontage Length 1500

Frontage Type County Road

Interior

Street Suffix Road

Total Baths 0

* Excluded Features

List By

Flanagan Realty, Llc.

Broker

dan@flanaganland.com;flanaganrealty@yahoo.com

Affordability Calculator

$65,452

Per Month

Monthly Principal & Interest: $64,614
Monthly Property Taxes: $838
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Elgin, IL

Average List Price ^$604,093

Percent of Sale Price 93%

About Elgin, IL

114,155 Population

21% Since 2002

^$61,828 Median Income

35.71 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

567545 Elementary School

566729 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/25/2023	$9,250,000		Listed Price

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40 Acres Randall Road, Elgin, IL, 60123 is a Lots and Land for sale at $9,250,000 with a lot size of 40.4. 40 Acres Randall Road is a studio with 0.0 baths. The property's zip code is 60123 which is in Elgin, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/30/2024.

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40 Acres Randall Road

Lots and Land for sale in Elgin, IL

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