1300 Algonquin RdAlgonquin, IL 60102

  • Commercial real estate
  • 103,155 SF
For Lease
$11/SF/YR View listing

Property Details for 1300 Algonquin Rd

Year built
1989
Lot size
10.72 AC
Property size (Sq ft)
103,155 SF
Property type
Commercial real estate
APN
19-35-161-021
APU
1935161021

Description

This exceptional retail property, Algonquin Town Center, located at 1300 E Algonquin Rd, Algonquin, IL 60102, offers 103,266 square feet of commercial space in McHenry County. The property features a diverse tenant mix, including established businesses like Dollar Tree and Goodwill. Multiple leasing options are available, ranging from 780 square feet to a maximum contiguous space of 41,188 square feet, with 56,716 square feet currently vacant. The center boasts excellent visibility with monument signage along Algonquin Road, a high-traffic area with nearly 39,000 vehicles per day. Its strategic location across from major retailers such as Jewel-Osco and Dunkin' Donuts ensures high foot traffic and a strong retail environment. The property sits on a 10.72-acre lot and provides ample parking with 300 spaces. This thriving commercial hub presents a unique opportunity for businesses seeking a prominent location in suburban Algonquin. The minimum divisible space is 780 square feet. This well-maintained property offers a dynamic retail environment in a high-demand area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $21,319,446
    Hospitality
    $19,528,498
    Educational
    $16,247,481
    Medical
    $16,806,256
    Retail
    $25,273,858
1300 Algonquin Rd, Algonquin, Illinois

Location Insight

City
Algonquin
County
Mchenry
State
Illinois
Latitude
42.1615
Longitude
-88.2739
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$124,712
$1,141,590
$202,975
$1,344,565
-
$3,424,770
$608,925
$4,033,695

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