554 South Randall Road
Retail | 2,989 SqFt
Marketing description
THE ASSET: The Property consists of a 2,989 square foot single tenant building on a 1.01-acre (43,996 square foot) parcel of land. The Property is zoned B-2 Community Business District, one of the most versatile zoning designations in South Elgin. Contact the listing agent for more details.
STRATEGIC RETAIL LOCATION: The Property is well located adjacent to the signalized intersection of Pamela Drive and Randall Road, the area’s primary commercial and commuter corridor. The Property is shadow anchored by Target and shares the entrance with the retail giant. The Property is surrounded by national retailers and restaurants which drive traffic to the area, and is surrounded by densely populated residential neighborhoods, large apartment communities and several area schools including Elgin Community College, all of which provides a captive customer base.
ELGIN COMMUNITY COLLEGE: The Property is 4-miles from Elgin Community College, a comprehensive, fully accredited public institution recognized by the Aspen Institute as one of the top 25 community colleges in the United States. The College has an enrollment of more than 11,000 students.
HIGH TRAFFIC COUNTS: More than 32,300 vehicles per day pass by the Property along S Randall Road.
DENSE AND AFFLUENT DEMOGRAPHICS: Over 46,400 people live within a 3-mile radius of the Property with an average household income of $176,301. More than 127,000 people live within 5-miles of the Property with an average household income of $165,956. Additionally, there are more than 40,700 employees within 5-miles of the Property.
RETAIL TRADE AREA: Additional retailers driving traffic to the area include Target, Walmart Supercenter, Home Depot, Kohl’s, Jewel-Osco, Angelo Caputo’s Fresh Markets, LA Fitness, Best Buy, PetSmart, Petco, Michaels, Home Goods, TJ Maxx, Ross, Five Below, Walgreens, AutoZone, Chase Bank, Buffalo Wild Wings, Chili’s, Red Robin, Panera, Chipotle, Starbucks, McDonald’s, Taco Bell, Jersey Mike’s, Culver’s, Potbelly, Panda Express, Dunkin’, and Crumbl.
KANE COUNTY: South Elgin is located in Kane County, which has considerably less tax exposure than neighboring Cook County. This makes it a more desired sub- market for Chicago commercial real estate. Kane County has approximately 517,000 residents with an average household income of $132,532 producing strong spending power in South Elgin and the surrounding communities.
Investment highlights
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a to be vacant single tenant building located at 554 S Randall Road in South Elgin, Illinois (the “Property”). The Property consists of a 2,989 square foot single tenant building on a 1.01-acre (43,996 square foot) parcel of land. The Property is currently occupied by Sippy’s Gyros but will be vacant upon the sale. The Property is zoned B-2 Community Business District, one of the most versatile zoning designations in South Elgin.
The Property is strategically located along S Randall Road, one of the area’s primary commercial and commuter corridors. The Property is positioned in the heart of South Elgin’s commercial trade area and is shadow anchored by Target. The area is home to several large shopping centers with national retailers and nationally branded restaurants driving traffic to the area. The location is convenient to major area roadways including US Route 20, & IL Routes 31, 25 and 64, area schools, three hospitals and Elgin Community College. Additionally, the Property is surrounded by affluent residential neighborhoods providing a built-in and robust consumer base. South Elgin is part of the Chicago Metropolitan area and is located 40 miles northwest of Chicago.
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