Algonquin Restaurant in Shopping
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2561 County Line Rd, Algonquin, IL 60102
Family-owned breakfast and lunch restaurant in Algonquin, Illinois.
Property Size7,554 SF
Price / SF$384.60
Days on Market194
Property Features for 2561 County Line Rd
General Information
Standard status
Active
Size
7,554 SF
Property subtype
Retail
Zoning
B-2
Building Details
Year Built
2007
Listing Agency:
Marcus & Millichap - Phoenix
(479) 785-4343
Listed By:
Mark Ruble · License #AZ SA550593000
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Jul 15 at 3:21PM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
The property is a family-owned contemporary breakfast and lunch restaurant that recently relocated to the Algonquin Commons shopping center in Algonquin, Illinois. The restaurant, named Sunrise Social, held its grand opening in late December 2025. It serves classic breakfast dishes and signature drinks, with a focus on fresh ingredients. Algonquin is a village in McHenry and Kane Counties, Illinois, approximately 40 miles northwest of Chicago’s main business district. The Village of Algonquin offers a highly engaged business environment and a high quality of life.
Key Highlights
- Established breakfast and lunch restaurant recently relocated to Algonquin Commons.
- Family‑owned business with a focus on fresh ingredients.
- Located in Algonquin, IL, a Chicago suburb.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,708
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,774,160
$1.8M
Cap Rate 7%
$1,267,257
$1.3M
Cap Rate 9%
$985,644
$985.6K
Market Conditions
NOI Build-Up for 7,554 SF
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.
Gross rent
$126.9K $16.80/SF
− Vacancy
−$8.6K −$1.14/SF
EGI
$118.3K $15.66/SF
− OpEx
−$29.6K −$3.91/SF
NOI
$88.7K $11.74/SF
Area
McHenry County, IL
Vacancy
6.80%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,774,160
Cap Rate 7%
$1,267,257
Cap Rate 9%
$985,644
Alternative Uses
Best Use
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,708 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,564 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
Well-served
Demand for This Use
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
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Similar Off Market Nearby
- Georgia’s Restaurant & Pancake House — 1470 S Randall Rd, Algonquin, IL 60102
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Family-owned breakfast and lunch restaurant in Algonquin, Illinois.
Where is this breakfast & diner located?
The property is located at 2561 County Line Rd Algonquin, IL.
What is the asking price?
The asking price for this property is $2,905,300.
What are key features of this property?
This property features: Established breakfast and lunch restaurant recently relocated to Algonquin Commons.; Family‑owned business with a focus on fresh ingredients.; Located in Algonquin, IL, a Chicago suburb.
