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    501-515 E Algonquin Rd Hoffman Estates, IL 60102

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    For Lease
    Contact for pricing

    Retail space for rent, located near downtown Algonquin.

    Property size:
    11,000 SF
    Lot size:
    11,000 SF

    Property Features for 501-515 E Algonquin Rd

    General Information

    Size
    11,000 SF

    Building Details

    Year built
    1976

    Source: A. Rick Scardino Agent A. Rick Scardino

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

    Overview

    Algonquin Retail Space Available

    This retail space is located three blocks east of downtown Algonquin. The property offers 11,000 square feet of space and is suitable for retail use.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hoffman Estates
    County
    Cook
    State
    Illinois
    Longitude
    -88.220177
    Latitude
    42.19498

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    FAQs

    What type of property is this?
    Retail space - Retail space for rent, located near downtown Algonquin.
    Where is this retail space located?
    The property is located at 501-515 E Algonquin Rd Hoffman Estates, IL.
    What are key features of this property?
    This property features: - Located just 3 blocks East of the vibrant downtown Algonquin district.; - Year Built: 1976
    (708) 921-1044
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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 Hoffman Estates, IL 60102
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