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2202-2230 W Algonquin Road, Rolling Meadows, IL 60008
Multi-tenant retail center with established occupancy and residential density nearby.
Property SizeContact for details
Days on Market144
Property Features for 2202-2230 W Algonquin Road
General Information
Standard status
Active
Property subtype
Retail
Occupancy
80%
Additional Details
Cap Rate
7.84%
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
CENTURY 21 Langos & Christian
(847) 593-3460
Listed By:
JAIRAJ ( Jay) BHATIA · License #475.105773
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 1:36AM
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 CENTURY 21 Langos & Christian
Investment Insights
Based on property information with market context.
The Algonquin Road Shopping Center is a multi-tenant retail property with 79.85% overall occupancy and a fully occupied first floor. The center includes established long-term tenants, along with vacant spaces that provide additional leasing capacity. The property carries a 7.84% cap rate.
Located at 2202-2230 W Algonquin Road in Rolling Meadows, the center sits near the intersection of Algonquin Road and New Wilke Road. It is adjacent to multiple apartment complexes and positioned near the I-90 and I-290 expressway intersections. The surrounding northwest suburban area includes Arlington Heights, Hoffman Estates, Schaumburg, Des Plaines, Mount Prospect, and Palatine, with Cook County Court and O’Hare Airport also identified as nearby destinations.
Located at 2202-2230 W Algonquin Road in Rolling Meadows, the center sits near the intersection of Algonquin Road and New Wilke Road. It is adjacent to multiple apartment complexes and positioned near the I-90 and I-290 expressway intersections. The surrounding northwest suburban area includes Arlington Heights, Hoffman Estates, Schaumburg, Des Plaines, Mount Prospect, and Palatine, with Cook County Court and O’Hare Airport also identified as nearby destinations.
Key Highlights
- 79.85% current occupancy with 100% occupancy on the first floor
- 7.84% cap rate
- Established long‑term tenant base
Property Analytics
Current Use
Lease Details
79.9%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60008, IL
22,760
Population
9,282
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,463
Density / Sq Mi
$96,213
Median Household Income
$47,405
Median Earnings
$1,561
Median Rent
$295,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Surrey Ridge Shopping Center — 840 W Algonquin Rd, Arlington Heights, IL 60005
- MPW Rockport In. — 5420 Newport Dr, Rolling Meadows, IL 60008
- Plaza Del Grato Shopping Center — 1790 W Algonquin Rd #1736A, Arlington Heights, IL 60005
- Southland Shopping Center — Rolling Meadows, IL 60008
- Central Plaza Shopping Center — 1865 W Central Rd, Arlington Heights, IL 60005
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with established occupancy and residential density nearby.
Where is this shopping center located?
The property is located at 2202-2230 W Algonquin Road Rolling Meadows, IL.
What are key features of this property?
This property features: 79.85% current occupancy with 100% occupancy on the first floor; 7.84% cap rate; Established long‑term tenant base
