1721 S Randall Rd Algonquin, IL 60102
New two-tenant retail property with long-term leases.
Type:Shopping Strip
Property size:
6,150 SFPrice / SF:
$961/SF- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 5:24 am
Property Features for 1721 S Randall Rd
General Information
- Standard status
- Active
- Size
- 6,150 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2025
Listing agent Austin Weisenbeck License #IL: 475.140200 (630) 570-2169
Listing office Chicago Oak Brook Office (630) 570-2169
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
New Retail Property in Algonquin
This newly constructed, two-tenant property, slated for completion in 2025, offers an investment opportunity in a retail location. The property features national tenants with long-term leases. Chipotle has a 15-year lease, which includes a mobile order pickup lane. First Watch has a 12-year lease. Both tenants have 10 percent rent increases every five years. The property is located in a retail corridor at the heart of The Enclave development. The location is in an affluent, high-growth area within the Chicago MSA. The surrounding area includes synergistic tenants and ongoing development activity. By 2029, the population within a one-mile radius is projected to increase by over three percent, with the average household income exceeding $168,000. The property size is 6150 square feet.
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3219
- Latitude
- 42.1714
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - New two-tenant retail property with long-term leases.
Where is this strip mall located?
The property is located at 1721 S Randall Rd Algonquin, IL.
What is the asking price?
The asking price for this property is $5,916,250.
What are key features of this property?
This property features: New construction (2025) two‑tenant property with long‑term leases from national tenants: Chipotle (15 years) and First Watch (12 years).; Chipotle lease *includes a mobile order pickup lane*, an extension beyond their standard lease agreements.; Located in an affluent, high‑growth area within the Chicago MSA, in a thriving 2.8‑mile retail corridor.
