Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1107 S Main St, Unit 1107-1111 Algonquin, IL 60102

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two retail spaces available in Algonquin, Illinois.

    Property Features for 1107 S Main St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1966

    We can help!

    Listing Contact
    Shari Haefner
    Shari Haefner
    Source: Exitrealty

    Listing Agency: Premier Commercial Realty Listing Agent: Shari Haefner

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

    Learn more

    Overview

    Retail Storefronts on Route 31

    Two storefronts are available for lease in a strip center located at a signalized intersection on Route 31 and Edgewood Drive, with a traffic volume of 21,200 vehicles per day. Unit 1107 is a 900-square-foot end unit, previously used as a motorcycle apparel shop, available for $1,125 per month, gross. Unit 1111 offers 1,920 square feet of space with large front windows, suitable for a salon, spa, or various retail applications, available for $2,400 per month, gross.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Algonquin
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3219
    Latitude
    42.1714

    Nearby Similar for Lease

    • Contact for pricing

      Historic Boutique Space on Main

      Prime commercial space in revitalized downtown Algonquin near Fox River.
      115 S Main St, Algonquin, IL 60102
      View Details
    • Contact for pricing

      Furnished Office Space in Algonquin

      Furnished office space with utilities included in Algonquin, Illinois.
      2390 Esplanade Dr, Algonquin, IL 60102
      View Details
    • Contact for pricing
      10,890 SF

      Algonquin Office Space Available

      Second floor office with private offices and bathroom for rent.
      329 Jefferson St, Algonquin, IL 60102
      View Details
    • New
      Contact for pricing
      2,400 SF

      Premier Lifestyle Destination in Algonquin

      Shopping, dining, and entertainment destination in Chicago's northwestern suburbs.
      1704-1748 S Randall Rd, Algonquin, IL
      View Details
    • New
      Contact for pricing
      1,410 SF

      Algonquin Commons Retail Opportunity

      Premier shopping, dining, and entertainment destination in Algonquin, Illinois.
      1604-1628 S Randall Rd, Algonquin, IL
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Regional Center

      Retail space with high visibility and convenient parking.
      2531 West Algonquin Rd, Algonquin, IL 60102
      View Details
    • Contact for pricing

      Retail Space in Regional Corridor

      Retail property in high-traffic area near major retailers.
      175 South Randall Rd, Algonquin, IL 60102
      View Details
    • $18 SF/Yr
      10,221 SF

      Prime Retail Space in Algonquin

      New construction retail space in high-traffic Algonquin location.
      1 N Main St, Algonquin, IL 60102
      View Details
    • $9 SF/Yr
      6,500 SF

      Algonquin Road Retail/Office Space

      6,500 SF space suitable for retail or office use.
      2025-2035 E Algonquin Rd, Algonquin, IL
      View Details
    • Contact for pricing

      Algonquin Retail Space Available

      Retail space for rent, located near downtown Algonquin.
      501-515 E Algonquin Rd, Algonquin, IL 60102
      View Details
    • Contact for pricing
      116,222 SF

      Algonquin Warehouse Near I-90

      116,222 sqft warehouse/distribution space, 4 miles from I-90.
      3001 Broadsmore Dr, Algonquin, IL 60102
      View Details
    • $850 /Mo

      Downtown Algonquin Office Space

      Second floor office with private offices and bathroom for rent.
      329 Jefferson St, Algonquin, IL 60102
      View Details

    FAQs

    What type of property is this?
    Strip mall - Two retail spaces available in Algonquin, Illinois.
    Where is this strip mall located?
    The property is located at 1107 S Main St, Unit 1107-1111 Algonquin, IL.
    What are key features of this property?
    This property features: - High visibility location at a signalized intersection with 21,200 vehicles per day.; - Two storefront units available.; - Unit 1111: 1,920 SF, ideal for salon, spa, or retail uses; features large front windows.
    (312) 671-3600
    Request Owner's contact information
    1107 S Main St, Unit 1107-1111 Algonquin, IL 60102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1107 S Main St, Unit 1107-1111
    Algonquin, IL 60102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1107 S Main St, Unit 1107-1111 Algonquin, IL 60102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shari Haefner
    Shari Haefner
    Real Estate License ID: 475183911
    (312) 671-3600 (847) 854-2300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!