Office Unit with Private
For Sale
$160,000
280 Stonegate Road #280, Algonquin, IL 60102
The suite includes an administrative area, kitchenette, storage, and a private washroom.
Property Size1,001 SF
Price / SF$159.84
Days on Market347
Property Features for 280 Stonegate Road #280
General Information
Standard status
Active
Size
1,001 SF
Property subtype
Commercial
Zoning
OFFIC
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,827
Building Details
Building Size
1,001 SF
Year Built
2003
Stories
1
Units
1
Listing Agency:
Perillo Real Estate Group
Listed By:
Richard Perillo · License #471020096
(224) 634-4476
Source:
Fishmangroup
Added: Nov 13, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:53AM
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
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Investment Insights
Based on property information with market context.
This 1,001-square-foot office unit contains an administrative area, waiting room, three private offices, a bullpen, kitchenette with sink, private washroom, and storage. The building dates to 2003, and the property is zoned OFFIC. The suite is leased through 3/31/2026.
At 280 Stonegate Road in Algonquin, the property sits just east of Randall Road. Shopping, restaurants, grocery stores, child care, and Lifetime Fitness are nearby.
At 280 Stonegate Road in Algonquin, the property sits just east of Randall Road. Shopping, restaurants, grocery stores, child care, and Lifetime Fitness are nearby.
Key Highlights
- 1,001‑square‑foot office unit
- Three private offices, a bullpen, and a waiting room
- Kitchenette with sink, private washroom, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,802
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,040
$276.0K
Cap Rate 7%
$197,171
$197.2K
Cap Rate 9%
$153,356
$153.4K
Market Conditions
NOI Build-Up for 1,001 SF
Gross rent
$24.5K $24.48/SF
− Vacancy
−$6.1K −$6.10/SF
EGI
$18.4K $18.38/SF
− OpEx
−$4.6K −$4.60/SF
NOI
$13.8K $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%
$276,040
Cap Rate 7%
$197,171
Cap Rate 9%
$153,356
Alternative Uses
Best Use
Office B
$197.2K
$172.5K – $230.0K
NOI $13,802 @ 7.0% cap · market cap 8.63%
Second Best
Healthcare Medical
$193.5K
$169.3K – $225.8K
NOI $13,546 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$345.6K
$302.4K – $403.2K
NOI $24,192 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes an administrative area, kitchenette, storage, and a private washroom.
Where is this office unit located?
The property is located at 280 Stonegate Road #280 Algonquin, IL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 1,001‑square‑foot office unit; Three private offices, a bullpen, and a waiting room; Kitchenette with sink, private washroom, and storage
