Well-Leased Office
1497 Merchant Drive Algonquin, IL 60102
For Sale
Contact for pricing
Pending
Well maintained office condo leased to an established orthodontics practice under a triple-net structure.
Days on Market103
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: Jul 22
Last Checked: Jul 22 at 3:20PM
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
Location Intelligence
Current Use by Public Records
Office Units
FAQs
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
