488 Randall Rd | South Elgin, IL 60177
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488 Randall Rd
South Elgin, IL 60177
LA Fitness (Esporta Fitness): South Elgin, IL · Retail Property For Sale
Investment Highlights
- Recently-Extended and Renovated | Co-Anchor to 128,000 SF South Elgin Commons | Chicago MSA
- According to Placer.ai, this South Elgin location is the #1 club within a 15-mile radius, #9 of 43 in Illinois and ranks in the top 30% of LA Fitness.
- 6.4 MSF of retail, 2.7 MSF of office, 7.7 MSF of industrial, and 3,341 multifamily units within a 5-mile radius.
- Operating since 2009, Esporta Fitness’ net lease features ±13.7 years of term remaining with 10% rent increases every 5 years throughout the term.
- Along Randall Road (32,100 VPD), where it is 4 miles south of US-20 (31,500 VPD) and 7 miles south of Interstate 90 (104,200 VPD).
PROPERTY FACTS
Property Type
Retail
Property Subtype
Health Club
Building Size
42,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
2009/2021
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Lot Size
4.79 AC
Zoning
MPUD
Parking
204 Spaces (4.8 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £755,224 | |
| Land Assessment | £842,373 | Total Assessment | £1,597,597 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£842,373
Improvements Assessment
£755,224
Total Assessment
£1,597,597
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