Built-Out Retail
For Sale
Contact for pricing
2302-2320 Esplanade Dr, Algonquin, IL 60102
Configured retail space includes a private office, smoothie bar, shopping aisles, shelving, sprinklers, and paved parking.
Property Size2,566 SF
Price / SF$136.01
Days on Market936
Property Features for 2302-2320 Esplanade Dr
General Information
Standard status
Active
Size
2,566 SF
Property subtype
RETAIL
Additional Details
Asking Price
$349,000
Sprinkler System
Yes
Listing Agency:
Brown Commercial Group
(847) 758-9200
Listed By:
Jim Pietrarosso · License #475122538
(847) 775-0354
Source:
Moodyscre
Added: Mar 26, 2024
Changed: Oct 2
Last Checked: Oct 16 at 9:23AM
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 Brown Commercial Group
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Investment Insights
Based on property information with market context.
This retail property at 2302-2320 Esplanade Dr in Algonquin, Illinois, provides 2,566 square feet of built-out commercial space. The layout includes a 1,282-square-foot divisible configuration, one 12' x 7' office, a smoothie bar, shelving, and shopping aisles. Sprinkler protection is also in place.
Paved parking serves the property, supporting customer and staff access. The existing interior build-out provides a ready framework for continued retail use or a reconfigured commercial layout, subject to applicable approvals and the final space plan.
Paved parking serves the property, supporting customer and staff access. The existing interior build-out provides a ready framework for continued retail use or a reconfigured commercial layout, subject to applicable approvals and the final space plan.
Key Highlights
- 2,566 SF retail space
- Divisible to 1,282 SF
- One 12' x 7' office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,761
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,220
$495.2K
Cap Rate 7%
$353,729
$353.7K
Cap Rate 9%
$275,122
$275.1K
Market Conditions
NOI Build-Up for 2,566 SF
Gross rent
$38.5K $15.00/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$35.4K $13.79/SF
− OpEx
−$10.6K −$4.14/SF
NOI
$24.8K $9.65/SF
Area
McHenry County, IL
Vacancy
8.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,220
Cap Rate 7%
$353,729
Cap Rate 9%
$275,122
Alternative Uses
Best Use
Retail
$353.7K
$309.5K – $412.7K
NOI $24,761 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$885.9K
$775.2K – $1.03M
NOI $62,015 @ 7.0% cap · market cap 17.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
498
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Configured retail space includes a private office, smoothie bar, shopping aisles, shelving, sprinklers, and paved parking.
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: 2,566 SF retail space; Divisible to 1,282 SF; One 12' x 7' office
