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Medical Office Condo Available
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1474-1494 Merchant Dr, Algonquin, IL

Pristine medical office condo in Algonquin, available Q3 2024.

Space Size6,581 SF
Lot Size1.63 Acres
Days on Market583

Property Features for 1474-1494 Merchant Dr

General Information

Standard status Active
Size 6,581 SF
Lot size 1.63 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 1474-1494 Merchant Dr
1474 Merchant Dr $15/SF/Yr
Floor Bldg
Size 6,581 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Pristine Medical Office Condo coming available in Algonquin, IL. The space is conveniently located just off County Line Road and just east of Randall Road. Condo is currently occupied by Midwest Plastic Surgery and will become available in 3rd Quarter 2024. Space could be a turn-key opportunity for another plastic surgeon, or a variety of other medical uses.
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Listing Agency: Coldwell Banker Realty | Naperville
Listed By: Mike Velasco
Source: Moodyscre
Added: Mar 19, 2025 Changed: Oct 8 Last Checked: Oct 20 at 10:01PM

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 Coldwell Banker Realty | Naperville

Rey
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Investment Insights

Based on property information with market context.

A medical office condo, currently occupied by Midwest Plastic Surgery, will become available in the third quarter of 2024. Located in Algonquin, Illinois, the property is situated just off County Line Road and east of Randall Road. The space, with a size of 6581 square feet, could be suitable for another plastic surgeon or a variety of other medical uses. The property is available for rent.

Key Highlights

  • Pristine medical office condo - a turn‑key opportunity for a plastic surgeon or other medical uses.
  • Conveniently located off County Line Road.
  • Located just east of Randall Road.

Property Analytics

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

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Hair Salon Law Firm Parking Lot & Garage Big Box & Wholesale Store

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

217
Businesses Nearby
Balanced
Demand for This Use
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

  • Animal Hospital of Randall Plaza — 61 Polaris Dr #3, Lake in the Hills, IL 60156
  • Lake In the Hills Veterinary — 1203 Crystal Lake Rd, Lake in the Hills, IL 60156

Frequently Asked Questions

What type of property is this?
Medical Office Space - Pristine medical office condo in Algonquin, available Q3 2024.
Where is this medical office space located?
The property is located at 1474-1494 Merchant Dr Algonquin, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Pristine medical office condo - a turn‑key opportunity for a plastic surgeon or other medical uses.; Conveniently located off County Line Road.; Located just east of Randall Road.
(847) 409-0232 Call to check price and availability
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