Algonquin Office Building For
2200-2230 Huntington Dr N, Algonquin, IL
2,096 SF office building in Algonquin, built in 2004.
Type:OFFICE
Property size:
2,096 SFLot size:
3.23 AcresPrice / SF:
$214/SF- Added:
- Sep 10, 2025
- Days on Market:
- 250
- Last Refresh:
- Apr 5 at 9:29 pm
Property Features for 2200-2230 Huntington Dr N
General Information
- Standard status
- Active
- Size
- 2,096 SF
- Lot size
- 3.23 Acres
- Property subtype
- OFFICE
Listing agent Priti Patel
Listing office Jameson Commercial (312) 216-8000
Listing date Sep 10, 2025
Source Moodyscre
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 Jameson Commercial
HighLights
- Prime investment opportunity in the heart of Algonquin.
- 2,096 SF office building built in 2004 with modern features.
- Zoned B‑2, presenting versatile usage options for a range of professional services.
- Excellent visibility and accessibility within the thriving Algonquin area.
- Well‑maintained structure.
- Ideal investment for a prospective Office/Office Building investor.
Overview
This 2,096 square foot office building, constructed in 2004, is located in Algonquin. The property is zoned B-2, offering versatile usage options suitable for a range of professional services. Its location provides excellent visibility and accessibility within the Algonquin area. The property is well-suited for office spaces and represents a compelling opportunity for those seeking to expand their commercial real estate portfolio in a dynamic and growing market.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$321.1K
NOI $28,900 @ 9.00% cap · cautious / downside scenario
Moderate
$412.9K
NOI $28,900 @ 7.00% cap · market / base-case scenario
Aggressive
$578.0K
NOI $28,900 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $24.48 |
| − Vacancy | −$12.8k | −$6.10 |
| EGI | $38.5k | $18.38 |
| − OpEx | −$9.6k | −$4.60 |
| NOI | $28.9k | $13.79 |
2,096 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$412.9K
$361.3K – $481.7K
NOI $28,900 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$723.7K
$633.2K – $844.3K
NOI $50,656 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3288
- Latitude
- 42.1896
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 2,096 SF office building in Algonquin, built in 2004.
Where is this office building located?
The property is located at 2200-2230 Huntington Dr N Algonquin, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime investment opportunity in the heart of Algonquin.; **2,096 SF office building built in 2004 with modern features.**; Zoned B‑2, presenting versatile usage options for a range of professional services.
