Algonquin Algonquin RdAlgonquin, IL 60102

Property Details for Algonquin Algonquin Rd

Year built

1976

Lot size

1.69 AC

Property size (Sq ft)

2,473 SF

Property type

Retail properties

Description

This 11,000 square foot retail strip center in Algonquin, IL, presents a compelling investment opportunity. Located at 501-515 E. Algonquin Road (Route 62), this property boasts a prime location on a highly visible, lighted intersection, just three blocks east of the downtown area and Fox River. Built in 1976, the center sits on a 1.69-acre lot and offers 86 parking spaces. Currently 100% occupied with seven tenants, including a liquor store, Active Home Care, Dos Bros, a nail salon, State Farm Insurance, a laundromat, and a vape store, the property generates a strong NOI of $157,564.62. The center benefits from high traffic counts on Algonquin Road (37,000 vehicles per day) and is surrounded by affluent neighborhoods with high household incomes exceeding $100,000. The available 2,473 square foot liquor store space presents an opportunity for owner-occupancy or lease to a new tenant, further increasing value and NOI. The property is zoned B-1 and features convenient access to surrounding communities, schools, and libraries. Its proximity to O'Hare Airport (29 miles) and the Chicago Loop (40 miles) adds to its strategic appeal. The parcel numbers are 19-34-252-008 and 19-34-253-001. The sale price is subject to offer.

Location Insight

City

Algonquin

County

McHenry

State

Illinois

Latitude

42.1632

Longitude

-88.2827

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