Remodeled Office
For Sale
$425,000
265 Stonegate Rd, Algonquin, IL 60102
Fully leased office property with multiple private workspaces and shared meeting and support areas.
Property Size2,476 SF
Price / SF$171.65
Days on Market82
Property Features for 265 Stonegate Rd
General Information
Standard status
Active
Size
2,476 SF
Occupancy
100%
Additional Details
Office Units
8
Amenities
common conference room
men and women restrooms
kitchen area
waiting area
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
Perillo Real Estate Group
Listed By:
Richard Perillo · License #471020096
(847) 331-2112
Source:
Tumpanelegacy
Added: Jul 25
Changed: Oct 2
Last Checked: Oct 7 at 5:07PM
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 Perillo Real Estate Group
Investment Insights
Based on property information with market context.
This 2,476-square-foot office condo is fully leased and configured with 8 office rentals. Shared amenities include a conference room, separate men’s and women’s restrooms, a kitchen area, and a waiting area. Recent updates include new flooring in the offices and common areas, fresh paint, and conference room furniture.
The property is positioned one block from Randall Rd, adjacent to the Algonquin Jewel Shopping Center and across from Lifetime Fitness. The roof was completed in 2019, and the driveway was sealed in 2020. Built in 2004, the office condo combines a multi-office layout with recently refreshed common and private areas.
The property is positioned one block from Randall Rd, adjacent to the Algonquin Jewel Shopping Center and across from Lifetime Fitness. The roof was completed in 2019, and the driveway was sealed in 2020. Built in 2004, the office condo combines a multi-office layout with recently refreshed common and private areas.
Key Highlights
- Fully leased 2,476‑square‑foot office condo
- 8 office rentals with shared conference room and waiting area
- Kitchen area plus separate men’s and women’s restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,140
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,800
$682.8K
Cap Rate 7%
$487,714
$487.7K
Cap Rate 9%
$379,333
$379.3K
Market Conditions
NOI Build-Up for 2,476 SF
Gross rent
$60.6K $24.48/SF
− Vacancy
−$15.1K −$6.10/SF
EGI
$45.5K $18.38/SF
− OpEx
−$11.4K −$4.60/SF
NOI
$34.1K $13.79/SF
Area
McHenry County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,800
Cap Rate 7%
$487,714
Cap Rate 9%
$379,333
Alternative Uses
Best Use
Office B
$487.7K
$426.8K – $569.0K
NOI $34,140 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$854.8K
$748.0K – $997.3K
NOI $59,839 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Office units
100%
Occupancy
Multi-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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Fully leased office property with multiple private workspaces and shared meeting and support areas.
Where is this office units located?
The property is located at 265 Stonegate Rd Algonquin, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Fully leased 2,476‑square‑foot office condo; 8 office rentals with shared conference room and waiting area; Kitchen area plus separate men’s and women’s restrooms
