2500 N Randall Road Elgin, IL ^$ 4,435,000

2500 N Randall Road

^$ 4,435,000

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2500 N Randall Road

Elgin, IL, 60124

^$ 4,435,000

Bedrooms-- Baths-- Sq 7,896

Monthly Estimate*

^$ 27,307

2500 N Randall Road, Elgin, IL 60124 - Image 1

2500 N Randall Road, Elgin, IL 60124 - Image 2

2500 N Randall Road, Elgin, IL 60124 - Image 3

2500 N Randall Road, Elgin, IL 60124 - Image 4

2500 N Randall Road, Elgin, IL 60124 - Image 5

Commercial Property for sale in Elgin, IL

for $4,435,000. This 7,896 square foot building was built in 2019.

Fully leased, four-tenant retail center anchored by Chipotle with a drive-thru, offering a strong, stable investment opportunity in a high-demand Chicago suburban corridor. The property features long-term leases with built-in rental increases, delivering reliable cash flow and future income growth. Strategically positioned at a signalized hard corner just off I-90, the center benefits from excellent visibility and combined traffic counts exceeding 150,000 vehicles per day. The surrounding area is densely populated, with over 115,000 residents and average household incomes exceeding $155,000 within a one-mile radius. Located in a rapidly growing trade area with a strong daytime population, this asset presents a compelling opportunity for investors seeking a low-management, income-producing retail property in a premier location.

Commercial Active

Price

^$ 4,435,000

Property Type

Commercial

Taxes

^$ 74,940

Style

Retail

Year Built

2019

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12639170

Features

General

Cooling Central Air

Year Built 2019

Electric Service - 101 to 200 Amps

Stories Count 1

Tax Year 2025

Business Type Retail

Assoc Fee Paid Per Annually

County Kane

Net Operating Income 254939

Property Type Commercial Sale Retail/Stores

Status Active

Directions 2500 Randall Rd is just off Randall Road in Elgin-head north or south on Randall then turn into the plaza near the major retail corridor by I-90.

City Elgin

Number Of Units Total 4

MLS Area Elgin

Lot Size Square Feet 0

Tax Annual Amount 74940

Additional Parcels Y/N N

Leasable Area 0

Standard Status Active

Cap Rate 5.75

Exterior

Building Area Total 7896

Lot Dimensions 0

* Excluded Features

List By

Premier Commercial Realty

Broker

mdeacon15@gmail.com

Affordability Calculator

$33,552

Per Month

Monthly Principal & Interest: $27,307
Monthly Property Taxes: $6,245
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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

Commerical listings in Elgin, IL

Average List Price ^$1,108,311

Percent of Sale Price 75%

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.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/5/2026	$4,435,000		Listed Price

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2500 N Randall Road, Elgin, IL, 60124 is a Commercial Property for sale at $4,435,000 with 7,896 sqft. 2500 N Randall Road was built in 2019. The property's zip code is 60124 which is in Elgin, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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 5/29/2026.

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2500 N Randall Road

Commercial Property for sale in Elgin, IL

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