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Large Medical Office Condo
For Sale
$999,000

1452 Merchant Drive, Algonquin, IL 60102

Commercial Sale, Algonquin, IL

Property Size11,000 SF
Price / SF$90.82
Days on Market141

Property Features for 1452 Merchant Drive

General Information

Property type Commercial Sale
Property subtype Office
Zoning COMMR
Directions Randall Rd. County Line Rd. - Merchant Dr.-address I-90-Randall Rd. Country Line Rd.-Merchant Dr.-address
Subdivision Algonquin
Standard status Active
APN 1932353020

Additional Details

Property Use Medical Office

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 22167

Utilities

Cooling system Central Air

Building Details

Year built 2006
Floors in Building 1
Number of units 1
Flooring type Tile, Carpet, Vinyl, Wood
Building materials Brick, Concrete
Roof type Composition
Listing Agency: Century 21 Circle · Coldwell Banker Real Estate
Listed By: Mark Ahmad
Added: Jun 11 Changed: Oct 24 Last Checked: Oct 29 at 5:06AM
MLS# 12673243

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This medical office condominium encompasses an approximately 11,000-square-foot large unit within the Briarwood Office Multiple Buildings Complex. The property was built in 2006 and features brick and concrete construction, composition roofing, central air, and a mix of carpet, tile, wood, and vinyl flooring. Its configuration is identified for medical and professional office use, including practices such as doctors, dentists, physical therapists, accountants, attorneys, mortgage professionals, and architects.

The property is located at 1452 Merchant Drive in Algonquin, Illinois, within a short distance of major roads and interstates. Several major specialty medical practices are adjacent within the same complex. The property is zoned COMMR.

Key Highlights

  • Approximately 11,000 Sq. ft. medical office condominium unit
  • Located within the Briarwood Office Multiple Buildings Complex
  • Adjacent to several major specialty medical practices in the same complex

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Plumbing Service Garden Center Kitchen & Bath Showroom Parking Lot & Garage Auto Parts Store HVAC 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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Similar Off Market Nearby

  • Dr. Sharon Payne — Animal Care Clinic, 230 Stonegate Rd, Algonquin, IL 60102
  • ACC of Fox Valley — 230 Stonegate Rd, Algonquin, IL 60102

Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office condominium in a professional complex with central air and varied interior finishes.
Where is this medical office space located?
The property is located at 1452 Merchant Drive Algonquin, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Approximately 11,000 Sq. ft. medical office condominium unit; Located within the Briarwood Office Multiple Buildings Complex; Adjacent to several major specialty medical practices in the same complex
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