For Sale
$2,500,000

4001 Algonquin Rd Rolling Meadows, IL 60008

High-traffic QSR/Restaurant Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 80,236 square foot retail property, located at 4001 W Algonquin Road in Rolling Meadows, Illinois (zip code 60008), presents a compelling redevelopment opportunity. Situated on a 1.84-acre lot with C-2 zoning, this property offers significant flexibility for various commercial uses. The asking price is $2,500,000, translating to $31.16 per square foot. Benefiting from its prime location within the Woodfield Mall trade area, the property boasts approximately 220 feet of frontage on Algonquin Road, ensuring high visibility and accessibility. The convenient access to major thoroughfares, including signalized access to I-90 and I-290/Route 53, guarantees substantial traffic counts. Further enhancing its appeal, a national gas station is proposed on an adjacent parcel, promising increased foot traffic and synergy. This property is ideal for investors seeking a high-impact commercial venture in a thriving location with excellent visibility and convenient access to major transportation arteries. The Cook County location and strong commercial zoning make this a truly unique opportunity.

Property Details for 4001 Algonquin Rd

Property type
Lifestyle centers, Power centers
Square Feet
80,236 SF
Lot Size (sq. ft)
80,150 SF

Location Insight

City
Rolling Meadows
County
Cook
State
Illinois
Latitude
42.062920556077
Longitude
-88.030919197926

FAQs

What type of property is this?
Lifestyle center - High-traffic QSR/Restaurant Opportunity
Where is the lifestyle center located?
The property is located at 4001 Algonquin Rd Rolling Meadows, IL.
What is the asking price?
The asking price for this property is $2,500,000.
How can I contact the broker?
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4001 Algonquin Rd
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