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    2302-2320 Esplanade Dr Algonquin, IL

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    For Sale
    $349,000

    2,566 SF retail unit suitable for various businesses.

    Property size:
    2,566 SF
    Lot size:
    1.49 Acres

    Property Features for 2302-2320 Esplanade Dr

    General Information

    Size
    2,566 SF
    Lot size
    1.49 Acres

    Source: Brown Commercial Group Agent Jim Pietrarosso

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

    Overview

    Retail Unit with Ample Parking

    This 2,566 square-foot retail unit, divisible to 1,282 square feet, features one office measuring 12 feet by 7 feet and a sprinkler system. The property includes ample, paved parking. Previously occupied by Fit RX and Elite Sorts and Nutrition, the space is built out with a smoothie bar, shelving, and isles for shopping. The owner is motivated to sell. The property is located in Algonquin, IL and benefits from strong area demographics. The sale price for the 2,566 SF unit is $349,000, and the sale price for the 1,283 SF unit is $225,000.
    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 - 2,566 SF retail unit suitable for various businesses.
    Where is this retail space located?
    The property is located at 2302-2320 Esplanade Dr Algonquin, IL.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - 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.
    (847) 758-9200
    Request Owner's contact information
    2302-2320 Esplanade Dr Algonquin, IL
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    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
    2302-2320 Esplanade Dr Algonquin, IL
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