2302-2320 Esplanade Dr, Algonquin, IL
2,566 SF retail unit suitable for various businesses.
- Added:
- Mar 26, 2024
- Days on Market:
- 811
- Last Refresh:
- May 20 at 9:15 pm
Property Features for 2302-2320 Esplanade Dr
General Information
- Standard status
- Active
- Size
- 2,566 SF
- Lot size
- 1.49 Acres
- Property subtype
- RETAIL
Properties For Sale
at 2302-2320 Esplanade Dr Contact usListing agent Jim Pietrarosso
Listing office Brown Commercial Group (847) 758-9200
Listing date Mar 26, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Brown Commercial Group
HighLights
- Move‑in ready space, previously Fit RX and Elite Sorts and Nutrition, featuring a smoothie bar and shelving.
- Option to purchase a 2,566 SF unit for $349,000 or a 1,283 SF unit for $225,000.
- Divisible to 1,282 SF, providing flexible space options.
- 2,566 SF Unit available.
- Ample, paved parking available.
- Includes one office (12' x 7').
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.5k | $15.00 |
| − Vacancy | −$3.1k | −$1.22 |
| EGI | $35.4k | $13.79 |
| − OpEx | −$10.6k | −$4.14 |
| NOI | $24.8k | $9.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3288
- Latitude
- 42.1896