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Retail Space in Regional Center
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2531 West Algonquin Road, Algonquin, IL 60102

Retail space with high visibility and convenient parking.

Space SizeContact for details
Days on Market149

Property Features for 2531 West Algonquin Road

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE - Chicago
Listed By: Sean McCourt
Source: Cbre
Added: Mar 25 Changed: Jul 10 Last Checked: Aug 20 at 7:31AM

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 CBRE - Chicago

Investment Insights

Based on property information with market context.

This 1300-square-foot retail space is located within a regional shopping center at a major intersection. The property benefits from high visibility on Algonquin Road and features convenient head-in parking. The location experiences a high traffic volume of 74,400 vehicles per day at the intersection of Randall and Algonquin Roads, and is situated in an area with high incomes.

Key Highlights

  • Located at a major intersection in a regional shopping center.
  • High traffic volume: 74,400 vehicles per day (VPD) on Randall & Algonquin Roads.
  • Great visibility to Algonquin Road.**

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Garden Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Plumbing Service Barber Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space with high visibility and convenient parking.
Where is this retail space located?
The property is located at 2531 West Algonquin Road Algonquin, IL.
What are key features of this property?
This property features: Located at a major intersection in a regional shopping center.; High traffic volume: **74,400 vehicles per day (VPD) on Randall & Algonquin Roads.**; Great visibility to Algonquin Road.**
More about this property
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