Net-Leased Furniture Retail
For Sale
Contact for pricing
Pending
2451 S Randall Rd, Algonquin, IL 60102
Single-tenant Ashley Furniture HomeStore on South Randall Road with a current lease expiring April 5, 2027.
Property Size50,000 SF
Days on Market148
Property Features for 2451 S Randall Rd
General Information
Standard status
Pending
Size
50,000 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
34,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
The Boulder Group
Listed By:
Randy Blankstein · License #IL 471005983
(847) 562-0003
Source:
Crexi
Added: Apr 11
Changed: Sep 4
Last Checked: Sep 4 at 7:57AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
Exclusively offered for sale is a single-tenant net leased Ashley Furniture HomeStore property within the Chicago MSA. The site is approximately 50,000 square feet and has been operated at this location for more than 12 years. The tenant recently executed a 10-year lease extension, with a 4% rental increase in year 16 and an expiration date of April 5, 2027. The lease also includes one 5-year renewal option. The property is currently leased to Rockledge Furniture LLC.
The HomeStore benefits from its position along South Randall Road, a primary north-south thoroughfare with reported traffic of 34,000 VPD. The surrounding retail corridor includes Algonquin Commons and Algonquin Galleria, anchored by Walmart, Ross, Dick’s Sporting Goods, and Nordstrom Rack. Additional nearby retailers listed for the corridor include Target, Trader Joe’s, TJ Maxx, and Kohl’s. The lease property is located at 2451 S Randall Rd, Algonquin, IL 60102.
The HomeStore benefits from its position along South Randall Road, a primary north-south thoroughfare with reported traffic of 34,000 VPD. The surrounding retail corridor includes Algonquin Commons and Algonquin Galleria, anchored by Walmart, Ross, Dick’s Sporting Goods, and Nordstrom Rack. Additional nearby retailers listed for the corridor include Target, Trader Joe’s, TJ Maxx, and Kohl’s. The lease property is located at 2451 S Randall Rd, Algonquin, IL 60102.
Key Highlights
- Single‑tenant Ashley Furniture HomeStore net leased property in the Chicago MSA
- 4% rental increase in year 16
- 50,000 SF Ashley Furniture HomeStore on South Randall Road with 34,000 VPD
Property Analytics
Property Profile
Current Use
Lease Details
34,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 60102, IL
31,959
Population
12,076
Households
2.6
Avg Household Size
42
Median Age
43%
College-Educated
95%
High-School Grad
15.8 sq mi
ZIP Area
2,023
Density / Sq Mi
$128,070
Median Household Income
$59,484
Median Earnings
$1,826
Median Rent
$320,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant Ashley Furniture HomeStore on South Randall Road with a current lease expiring April 5, 2027.
Where is this retail space located?
The property is located at 2451 S Randall Rd Algonquin, IL.
What are key features of this property?
This property features: Single‑tenant Ashley Furniture HomeStore net leased property in the Chicago MSA; 4% rental increase in year 16; 50,000 SF Ashley Furniture HomeStore on South Randall Road with 34,000 VPD
