Two-Building Retail
1515-1565 S Randall Road, Algonquin, IL 60102
For Sale
New
Contact for pricing
The Algonquin property is fully leased and occupies a multi-acre site.
Property Size71,357 SF
Lot Size9.07 Acres
Price / SF$261.53
Days on Market6
Property Features for 1515-1565 S Randall Road
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Buildings
Listing Agency:
Realty Metrix Commercial
Listed By:
Linda Kost · License IL #475141895
(847) 910-8820
Source:
Crexi
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 12 at 8:20AM
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 Realty Metrix Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail center comprises two buildings with a combined 71,357 square feet. The property occupies 9.07 acres and is fully leased.
At 1515-1565 S. Randall Road in Algonquin, the center is positioned at Randall and County Line Roads, across from Algonquin Commons.
At 1515-1565 S. Randall Road in Algonquin, the center is positioned at Randall and County Line Roads, across from Algonquin Commons.
Key Highlights
- 100% leased retail center
- 71,357 SF across two buildings
- 9.07‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$688,559
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,771,180
$13.8M
Cap Rate 7%
$9,836,557
$9.8M
Cap Rate 9%
$7,650,656
$7.7M
Market Conditions
NOI Build-Up for 71,357 SF
Gross rent
$1.07M $15.00/SF
− Vacancy
−$86.7K −$1.22/SF
EGI
$983.7K $13.79/SF
− OpEx
−$295.1K −$4.14/SF
NOI
$688.6K $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%
$13,771,180
Cap Rate 7%
$9,836,557
Cap Rate 9%
$7,650,656
Alternative Uses
Best Use
Retail
$9.84M
$8.61M – $11.48M
NOI $688,559 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.46M
$17.03M – $22.70M
NOI $1,362,026 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- River Pointe — River Pointe Shopping Center, 225 S Randall Rd, Algonquin, IL 60102
- Coinstar Kiosk - Bitcoin ATM — 103 S Randall Rd Jewel, Algonquin, IL 60102
- Coin Cloud Bitcoin ATM — 2265 W Algonquin Rd, Lake in the Hills, IL 60156
- Centre at Lake in the Hills — 289 N Randall Rd, Lake in the Hills, IL 60156
Frequently Asked Questions
What type of property is this?
Shopping center - The Algonquin property is fully leased and occupies a multi-acre site.
Where is this shopping center located?
The property is located at 1515-1565 S Randall Road Algonquin, IL.
What is the asking price?
The asking price for this property is $18,661,715.
What are key features of this property?
This property features: 100% leased retail center; 71,357 SF across two buildings; 9.07‑acre site
