Well-Leased Office
For Sale
Contact for pricing
Pending
1497 Merchant Drive, Algonquin, IL 60102
Well maintained office condo leased to an established orthodontics practice under a triple-net structure.
Property SizeContact for details
Days on Market128
Property Features for 1497 Merchant Drive
General Information
Standard status
Pending
Property subtype
Office
Listing Agency:
Keller Williams Success Realty
Listed By:
Peggy Baker · License #IL
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 17 at 6:46AM
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 Keller Williams Success Realty
Investment Insights
Based on property information with market context.
This well maintained office condo is offered as a triple-net investment with an established orthodontics professional in place. The property has a new five-year lease signed in 2019, along with one additional five-year option. The operating business is in place, and employees should not be disturbed. The owner pays insurance, while other expenses are paid by the tenant.
The office condo is located just off the Randall Road corridor in Algonquin, Illinois, providing convenient access to the surrounding area.
The offering reflects an NNN operating lease structure and an owner responsibility limited to insurance, with the tenant responsible for other expenses.
The office condo is located just off the Randall Road corridor in Algonquin, Illinois, providing convenient access to the surrounding area.
The offering reflects an NNN operating lease structure and an owner responsibility limited to insurance, with the tenant responsible for other expenses.
Key Highlights
- Well maintained office condo leased to an established orthodontics practice
- Triple‑net (NNN) structure with tenant paying all expenses other than owner insurance
- New five‑year lease signed in 2019 with one additional five‑year option
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
Demographics for 60102, IL
31,959
Population
12,076
Households
2.6
Avg Household Size
42
Median Age
43%
College-Educated
95%
High-School Grad
15.8 sq mi
ZIP Area
2,023
Density / Sq Mi
$128,070
Median Household Income
$59,484
Median Earnings
$1,826
Median Rent
$320,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Well maintained office condo leased to an established orthodontics practice under a triple-net structure.
Where is this nnn property located?
The property is located at 1497 Merchant Drive Algonquin, IL.
What are key features of this property?
This property features: Well maintained office condo leased to an established orthodontics practice; Triple‑net (NNN) structure with tenant paying all expenses other than owner insurance; New five‑year lease signed in 2019 with one additional five‑year option
