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Fully Leased Office Condo
For Sale
$425,000

265 Stonegate Road, Algonquin, IL 60102

COMMERCIAL - Algonquin, IL

Property SizeContact for details
Lot Size1.30 Acres
Days on Market98

Property Features for 265 Stonegate Road

General Information

Property type Commercial Sale
Property subtype Office
Zoning COMMR
Directions Randall Rd. S of Algonquin Rd. to Stonegate Rd. E to 265 Stonegate (across from Lifetime fitness side entrance.)
Subdivision Algonquin
Standard status Active
APN 1929302002
Lot size 1.30 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 9467

Utilities

Cooling system Central Air

Amenities

common conference room
men and women restrooms
kitchen area
waiting area

Building Details

Year built 2004
Floors in Building 1
Number of units 8
Flooring type Carpet, Tile
Building materials Brick
Listing Agency: Perillo Real Estate Group
Listed By: Richard Perillo · License #471020096
Added: May 4 Changed: Aug 4 Last Checked: Aug 9 at 6:06PM
MLS# 12637998

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This fully leased office condo is a secure, brick-built space that includes eight office rentals plus a common conference room, men and women restrooms, a kitchen area, and a waiting area. The condo has been recently remodeled with new flooring in the offices and common areas, fresh paint, and new conference room furniture. Building systems and exterior updates include a roof completed in 2019 and a driveway sealed in 2020. Interior finishes include tile and carpet, with central air for year-round comfort.

The property is located in the Randall Road corridor, one block from Randall Rd. It is adjacent to the Algonquin Jewel Shopping Center and across from Lifetime Fitness.

Configured for professional use with dedicated offices and shared common space, this setup supports day-to-day business operations in a multi-office condominium format.

Key Highlights

  • Fully leased secure office condo with eight office rentals
  • Shared conference room, men and women restrooms, kitchen area, and waiting area
  • Recently remodeled with new flooring, fresh paint, and new conference room furniture

Property Analytics

Current Use

Office Units

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

8
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,001
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Secure office condo with eight office rentals, shared conference room, and central air in a brick building.
Where is this office units located?
The property is located at 265 Stonegate Road 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 secure office condo with eight office rentals; Shared conference room, men and women restrooms, kitchen area, and waiting area; Recently remodeled with new flooring, fresh paint, and new conference room furniture
More about this property
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