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Medical Testing Center
For Lease
$15 SF/Yr

1449 Merchant Drive, Algonquin, IL 60102

Healthcare space in an established office center near Algonquin Commons and County Line Road.

Space SizeContact for details
Days on Market2443

Property Features for 1449 Merchant Drive

General Information

Standard status Active
Zoning COMMR

Space & Availability

Space Use Medical Office
Condition Turnkey

Building Details

Year Built 2004
Stories 1
Units 1
Listing Agency: RVG Commercial Realty
Listed By: Michael Carpenter · License #471009955
Source: Birdrealtysells
Added: Dec 4, 2019 Changed: Aug 11 Last Checked: Aug 12 at 12:34PM

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 RVG Commercial Realty

Investment Insights

Based on property information with market context.

An existing medical testing facility is available for lease within the Briarwood Office center. The property was built in 2004 and is designated COMMR zoning, supporting its commercial office setting.

The facility is located just off County Line Road in Algonquin, across from Algonquin Commons. It sits within 5.3 to 12.0 miles of 3 hospitals and 6 medical clinics, placing the property within a defined healthcare service area.

Key Highlights

  • Medical testing facility available for lease
  • Located in the Briarwood Office center
  • Built in 2004 with COMMR zoning

Property Analytics

Current Use

Medical centers

Suggested Use

Top Pick Garden Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Plumbing Service Barber Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

731
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical center - Healthcare space in an established office center near Algonquin Commons and County Line Road.
Where is this medical center located?
The property is located at 1449 Merchant Drive Algonquin, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Medical testing facility available for lease; Located in the Briarwood Office center; Built in 2004 with COMMR zoning
More about this property
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