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    1704-1748 S Randall Rd Algonquin, IL

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    For Lease
    Contact for pricing

    Shopping, dining, and entertainment destination in Chicago's northwestern suburbs.

    Property size:
    2,042 SF
    Lot size:
    48.83 Acres

    Property Features for 1704-1748 S Randall Rd

    General Information

    Size
    2,042 SF
    Lot size
    48.83 Acres

    Source: Mid-America Real Estate Group Agent Marget Graham

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

    Overview

    Premier Lifestyle Destination in Algonquin

    Algonquin Commons is a premier lifestyle destination serving Chicago’s far northwestern suburbs, offering a comprehensive shopping, dining, and entertainment experience. The shopping center features a mix of full-service and fast-casual restaurants, grocery stores, fashion retailers, beauty services, entertainment venues, and home décor shops. Recent additions include Ashley Furniture, Barnes & Noble, XGolf, and Taphouse Grill. Ownership is undertaking a $30 million renovation of the shopping center, which includes future developments of The Link, The Street, The Field, The Playground, and The Oasis. The Link will house a prime restaurant and entertainment district, delivering a vibrant al-fresco dining experience enclosed by a retractable roof for year-round events, with opportunities estimated for Spring 2023 openings. A 70-acre mixed-use development immediately east of the property will include Cooper’s Hawk, BJ’s Brewhouse, Raising Cane’s, and between 528 and 632 new residential units. The location benefits from a traffic volume of 32,700 vehicles per day on Randall Road. Available spaces range around 2,042 square feet, suitable for various retail and restaurant uses.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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

    Centre at Lake in the Hills

    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?
    Shopping center - Shopping, dining, and entertainment destination in Chicago's northwestern suburbs.
    Where is this shopping center located?
    The property is located at 1704-1748 S Randall Rd Algonquin, IL.
    What are key features of this property?
    This property features: - Premier lifestyle destination in Chicago's far northwestern suburbs, offering shopping, dining, and entertainment.; - $30 million renovation underway, featuring new developments.; - **The Link will feature a prime restaurant and entertainment district with a retractable roof, estimated to open in Spring 2023.**
    (630) 954-7300
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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
    1704-1748 S Randall Rd Algonquin, IL
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