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Former Restaurant in Prime Location

1591 Randall Rd. Algonquin, IL

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Versatile space suitable for restaurant, retail, or healthcare.

Type:Retail
Property size:
10,500 SF
Price / SF:
$223/SF
Added:
May 22, 2026
Days on Market:
52
Last Refresh:
May 27 at 8:20 am

Property Features for 1591 Randall Rd.

General Information

Standard status
Active
Size
10,500 SF
Property subtype
Retail

Building Details

Year Built
2008

Listing office Realty Metrix Commercial

Listing date May 22, 2026

Source Crexi

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


Investment Insights

Based on property information with market context.

This former Golden Corral restaurant offers a versatile space suitable for a restaurant, event space, medi-spa, or general retail purposes. The property is situated in a prime location at Randall & County Line Roads, within a 2,000,000 square foot retail node and across the street from Algonquin Commons, a 600,000 square foot lifestyle center anchored by Trader Joe's, Nordstrom Rack, Dick's Sporting Goods, Barnes & Noble and Fresh Market. The surrounding trade area is affluent, with an average household income of $138,020 within a 3-mile radius. The location benefits from impressive traffic counts of 47,000 vehicles per day and is just minutes from I-90. The property size is 10,500 square feet.

Key Highlights

  • Prime location at Randall & County Line Rds within a 2,000,000 SF retail node.
  • Located across from Algonquin Commons, a 600,000 SF lifestyle center anchored by Trader Joe's, Nordstrom Rack, Dick's Sporting Goods, Barnes & Noble and Fresh Market.
  • High traffic counts of 47,000.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $176.4k $16.80
− Vacancy −$12.0k −$1.14
EGI $164.4k $15.66
− OpEx −$41.1k −$3.91
NOI $123.3k $11.74
10,500 SF · lease $16.80/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.76M
$1.54M – $2.06M (±1% cap)
NOI $123,304 @ 7.0% cap · market cap 5.25%
Second Best
Retail
$1.45M
$1.27M – $1.69M (±1% cap)
NOI $101,320 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$3.63M
$3.17M – $4.23M (±1% cap)
NOI $253,762 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Parking Lot & Garage Storage Facility Plumbing Service Garden Center Big Box & Wholesale Store Grocery & Convenience Store Kitchen & Bath Showroom Auto Parts Store HVAC Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Conventional restaurant - Versatile space suitable for restaurant, retail, or healthcare.
Where is this conventional restaurant located?
The property is located at 1591 Randall Rd. Algonquin, IL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Prime location at Randall & County Line Rds within a 2,000,000 SF retail node.; Located across from Algonquin Commons, a 600,000 SF lifestyle center anchored by Trader Joe's, Nordstrom Rack, Dick's Sporting Goods, Barnes & Noble and Fresh Market.; High traffic counts of 47,000.
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