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    1449 Merchant Dr Algonquin, IL 60102

    For Sale
    $258,427

    Turn-key medical office, prime Algonquin location.

    Property size:
    1,339 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 1,339 square foot turn-key medical testing center is available for lease in the desirable Briarwood Office Center in Algonquin, Illinois. Situated just off County Line Road, this property enjoys a highly convenient location across from Algonquin Commons, providing excellent visibility and accessibility. The strategic placement offers significant advantages for medical professionals, boasting proximity to major healthcare providers. Specifically, it's within a 5.3 to 12.0-mile radius of three hospitals and six medical clinics, serving as a crucial service area for Advocate Sherman and Centegra Healthcare. This prime location within McHenry County, a region with over 300,000 residents, ensures a substantial and readily accessible patient base. The office space is ready for immediate occupancy, eliminating the need for extensive renovations or setup. This presents a unique opportunity for a medical practice or testing facility seeking a well-established and highly visible location within a thriving healthcare market. The property is offered at $258,427. Serious inquiries are encouraged.

    Property Features for 1449 Merchant Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,339 SF

    Building Details

    Year Built
    2004
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Algonquin
    County
    McHenry
    State
    Illinois
    Longitude
    -88.33123
    Latitude
    42.15559

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    FAQs

    What type of property is this?
    Office Property / Space - Turn-key medical office, prime Algonquin location.
    Where is this office property / space located?
    The property is located at 1449 Merchant Dr Algonquin, IL.
    What is the asking price?
    The asking price for this property is $258,427.
    (815) 754-4000
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    1449 Merchant Dr Algonquin, IL 60102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1449 Merchant Dr Algonquin, IL 60102
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