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    1474-1494 Merchant Dr Algonquin, IL

    For Lease
    $15 SF/Yr ($8,226 /Mo)

    Pristine medical office condo in Algonquin, available Q3 2024.

    Property size:
    6,581 SF
    Lot size:
    1.63 Acres

    Property Features for 1474-1494 Merchant Dr

    General Information

    Size
    6,581 SF
    Lot size
    1.63 Acres

    Source: Coldwell Banker Realty | Naperville Agent Mike Velasco

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Condo Available

    A medical office condo, currently occupied by Midwest Plastic Surgery, will become available in the third quarter of 2024. Located in Algonquin, Illinois, the property is situated just off County Line Road and east of Randall Road. The space, with a size of 6581 square feet, could be suitable for another plastic surgeon or a variety of other medical uses. The property is available for rent.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    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.

    Similar Places Nearby

    Lake In the Hills Veterinary, Animal Hospital of Randall Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Algonquin
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3287896
    Latitude
    42.1895773

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    FAQs

    What type of property is this?
    Medical office - Pristine medical office condo in Algonquin, available Q3 2024.
    Where is this medical office located?
    The property is located at 1474-1494 Merchant Dr Algonquin, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Pristine medical office condo - a turn-key opportunity for a plastic surgeon or other medical uses.; - Conveniently located off County Line Road.; - Located just east of Randall Road.
    (847) 409-0232
    Request Owner's contact information
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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
    1474-1494 Merchant Dr Algonquin, IL
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