For Sale
$2,950,000

2250 Algonquin Rd Lake in the Hills, IL 60156

Vacant, 28,564 SF, Excellent Repurpose Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 28,564 square foot medical office building, located at 2250 W Algonquin Rd, Lake in the Hills, IL 60156, presents a unique investment opportunity. Currently vacant, this Class B building offers significant potential for repurposing, given the high cost of new construction. Strategically situated amidst a thriving housing development boom in McHenry County, this property enjoys a prime location. The single-story structure features exceptional architecture and engineering, complemented by a high-quality HVAC system already in place. Each suite benefits from a private entrance, enhancing tenant appeal and flexibility. Ample parking is provided with a generous ratio of 7 spaces per 1,000 square feet. The asking price is $2,950,000, translating to $103.28 per square foot. The property is offered with a NNN lease type and is suitable for multi-tenant occupancy. This presents a rare chance to acquire a well-built, strategically located asset in a rapidly growing market, ideal for redevelopment or immediate occupancy by a single large tenant. The property's existing infrastructure and design flexibility make it an attractive option for various medical or executive office uses. Don't miss this chance to capitalize on the current market conditions and secure a valuable asset in a high-demand area.

Highlights

  • 28,564 SF medical office building in Lake in the Hills, IL.
  • Currently vacant, Class B building offering redevelopment potential.
  • Prime location in a rapidly growing McHenry County housing development area.
  • Single-story building with high-quality HVAC and private suite entrances.
  • Ample parking (7 spaces per 1,000 SF).
  • Asking price: $2,950,000 ($103.28/SF), NNN lease.

Property Details for 2250 Algonquin Rd

Property type
Office properties, Medical offices
Square Feet
28,564 SF
Class
B

Location Insight

City
Lake in the Hills
County
McHenry
State
Illinois
Latitude
42.1767101
Longitude
-88.3296246

FAQs

What type of property is this?
Office property - Vacant, 28,564 SF, Excellent Repurpose Opportunity
Where is the office property located?
The property is located at 2250 Algonquin Rd Lake in the Hills, IL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 28,564 SF medical office building in Lake in the Hills, IL.; Currently vacant, Class B building offering redevelopment potential.; Prime location in a rapidly growing McHenry County housing development area.
How can I contact the broker?
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2250 Algonquin Rd
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