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2701 - 2799 Algonquin Road Algonquin, IL $ 5,500,000
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2701 - 2799 Algonquin Road
$ 5,500,000
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2701 - 2799 Algonquin Road

Algonquin, IL, 60102
$ 5,500,000
Bedrooms-- Baths-- Sq 29,000
2701 - 2799 Algonquin Road, Algonquin, IL 60102 - Image 1

Property for Rent in Algonquin, IL

for $5,500,000. This 29,000 square foot property was built in 2005 on a lot size of 3.71901.

FULLY LEASED. 6.03 CAP Rate. PRIME RETAIL CENTER ALONG MAJOR SHOPPING CORRIDOR, BUILT IN 2005. HIGH TRAFFIC COUNTS, EXCELLENT VISIBILITY, AMPLE PARKING AND MULTIPLE ACCESS. ILLUMINATED LED SIGNAGE. QUALITY DEMOGRAPICS. CURRENT TENANTS INCLUDE ILLINOIS BONE & JOINT, ALLSTATE INSURANCE, CODE NINJAS AND CD PRICE ONE CLEANERS. MANY LONGER TERM TENANTS. RENT ROLL AVAILABLE W/ NON-DISCLOSURE. OFFERING MEMORANDUM IN ADDITIONAL INFO.

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Rental Active

Price

$ 5,500,000

Taxes

$ 82,484

Style

Commercial

Lot Size

3.71901

Year Built

2005

Town/City

Algonquin

County/Region

McHenry

MLS | Web ID

12283548
Features
General
Cooling Central Air Central Individual
Utilities Electricity Available Natural Gas Available Sewer Connected
Possession Closing Immediate Negotiable
Roof Membrane Rubber
Zoning RTAIL
Construction Materials Brick Concrete Synthetic Stucco Glass
Year Built 2005
Electric Circuit Breakers Service - 201 to 600 Amps
Stories Count 1
Township Algonquin
Property Subtype Shopping Center
Tax Year 2023
Current Use Commercial
Gross Income 0
County McHenry
Net Operating Income 320000
Operating Expense 179660
Property Type Commercial Sale Retail/Stores
Status Active
Directions JUST WEST OF INTERSECTION OF RANDALL AND ALGONQUIN RD. AT THE SE CORNER OF ALGONQUIN AND TALAGA
City Algonquin
Number Of Units Total 16
MLS Area Algonquin
Lot Size Square Feet 162000
Tax Annual Amount 82484
Additional Parcels Y/N N
Leasable Area 0
Lease Type N/A
Standard Status Active
Cap Rate 6.03
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 29000
Lot Dimensions 292' X 557'
Frontage Type Signal Intersection US Highway
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* Excluded Features
List By
Berkshire Hathaway Homeservices Starck Real Estate

Broker

rvirgl@starckre.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/5/2025$5,000,000 Listed Price

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2701 - 2799 Algonquin Road, Algonquin, IL, 60102 is a Property for Rent at $5,500,000 with 29,000 sqft and a lot size of 3.71901. 2701 - 2799 Algonquin Road was built in 2005. The property's zip code is 60102 which is in Algonquin, IL

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