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    501-515 E Algonquin Rd Algonquin, IL

    For Lease
    Contact for pricing

    Retail building with two available units in Algonquin, Illinois.

    Property size:
    1,507 SF
    Lot size:
    1.65 Acres

    Property Features for 501-515 E Algonquin Rd

    General Information

    Size
    1,507 SF
    Lot size
    1.65 Acres

    Source: Lee & Associates | Chicago Agent Michael Petrik

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

    Overview

    Retail Space on Algonquin Road

    This 11,000 square foot retail building is situated directly on Algonquin Road (Illinois Route 62), just three blocks east of the downtown district and the Fox River, at the lighted intersection of Algonquin Road and Eastgate Drive. The location is across from McDonald’s, offering convenient access for local residents and traffic, especially westbound traffic during rush hour. Two units are available: a former 7-Eleven with a wide-open layout and a former liquor store that is fully built out and move-in ready. The end-cap unit has exclusive monument signage available. Other tenants in the building include a liquor store, nail salon, State Farm insurance, laundromat, and vape store. The property features 86 parking spaces and easy access to surrounding neighborhoods, including schools and libraries. Traffic on Algonquin Road averages 37,000 vehicles per day. The property is 29 miles from O’Hare Airport and 40 miles from the Chicago Loop. Algonquin has recently experienced economic growth, and the surrounding areas have a high household income, exceeding $100,000. One available unit is 2,473 square feet, and the endcap unit is 2,477 square feet and includes a small outdoor storage shed.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -88.3287896
    Latitude
    42.1895773

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    FAQs

    What type of property is this?
    Retail space - Retail building with two available units in Algonquin, Illinois.
    Where is this retail space located?
    The property is located at 501-515 E Algonquin Rd Algonquin, IL.
    What are key features of this property?
    This property features: - High-traffic location on Algonquin Road (IL Route 62) with 37,000 vehicles per day.; - Located at a lighted intersection across from McDonald's, ensuring high visibility and accessibility.; - Two available units: **a fully built-out, move-in-ready former liquor store and a former 7-Eleven with wide open space.**
    (630) 486-4187
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    501-515 E Algonquin Rd Algonquin, IL
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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
    501-515 E Algonquin Rd Algonquin, IL
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