1530 N Randall Rd
Elgin, IL 60123
Randall View · Office Property For Sale

Wisdom Capital Group is pleased to present the exclusive offering of 1530 North Randall Road — a well-maintained, two-story Class B masonry medical office building strategically positioned along one of the Chicago metropolitan area's most active commercial corridors in Elgin, Illinois. Constructed in 1999 and known as Randall View Center, the property totals approximately 19,034 rentable square feet and sits on a 3.76-acre parcel, offering a generous parking ratio of 7.57 spaces per 1,000 SF across 144 surface stalls. The building features modern mechanical systems, elevator service, full ADA compliance, and above-standard interior finishes purpose-built for healthcare tenancy — including exam rooms, private offices, reception areas, and patient waiting spaces.
The property is currently 75% occupied by a stable roster of six medical and professional tenants, generating approximately $261,000 in gross rental income annually at an average rent of $21.48/SF. Tenants include Midwest Dental, Associates in Pediatrics, The Heart Team, Chestnut Health of IL, a Hearing Center, and Dr. Jodi Fourt — reflecting a diverse mix of healthcare users with varying lease terms extending through 2031.
Situated directly across from Advocate Sherman Hospital and just 0.6 miles from the I-90 interchange, the property benefits from exceptional visibility, strong daily traffic counts, and proximity to one of the region's most established healthcare ecosystems. The offering also includes a nearly one-acre vacant front parcel along Randall Road, presenting a rare value-add development opportunity for pad construction, additional medical space, or complementary retail/ancillary uses. For investors seeking a well-located suburban medical office asset with stable in-place income, a growing tenant base, and meaningful upside through lease-up and future development, 1530 North Randall Road represents a compelling acquisition opportunity.