Former Restaurant in Prime
1591 Randall Rd. Algonquin, IL
1591 Randall Rd., Algonquin, IL, 00000
Contact for pricing
For Sale
Contact for pricing
Versatile space suitable for restaurant, retail, or healthcare.
Property Size10,500 SF
Price / SF$223.81
Days on Market57
Property Features for 1591 Randall Rd.
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing Agency
Realty Metrix Commercial
Listed by
Linda Kost · License #IL 475141895
Source
Crexi
Added: May 22 Checked: Jul 17 at 6:08 am
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
NOI $123,304 @ 7.0% cap · market cap 5.25%
Second Best
Retail
$1.45M
$1.27M – $1.69M
NOI $101,320 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$3.63M
$3.17M – $4.23M
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
Similar For Sale Nearby
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.
