Mixed-Use Property With Office
For Sale
Contact for pricing
3711 Algonquin Rd, Algonquin, IL 60102
Commercially zoned property combines office, storage, residential, and outbuilding improvements in a corridor surrounded by homes and shopping.
Property Size3,242 SF
Price / SF$400.99
Days on Market172
Property Features for 3711 Algonquin Rd
General Information
Standard status
Active
Size
3,242 SF
Class
C
Property subtype
Mixed Use
Zoning
Commercial
Building Details
Year Built
1930
Buildings
5
Listing Agency:
Wisdom Capital Group
(847) 695-8348
Listed By:
David Mikrut · License #471.022973
Source:
Crexi
Added: Mar 13
Changed: Aug 30
Last Checked: Apr 8 at 8:17PM
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 Wisdom Capital Group
Investment Insights
Based on property information with market context.
This mixed-use property includes a remodeled four-bedroom home currently occupied under a lease, along with multiple commercial and storage improvements. A substantial two-story barn provides storage, while several additional outbuildings and individual lower-level garage storage units expand the available utility. The property also features a remodeled office and storage building with a separate construction office, updated full bathroom, office area, and storage space.
The upper level contains 5-6 offices, a conference area, additional storage, and two-story ceilings with exposed ductwork. The parcel measures just under 5 acres and is zoned COMMR. Its setting along West Algonquin Road is surrounded by homes and shopping, with Randal Road less than a mile away. The property was built in 1930 and is currently associated with construction and landscaping operations.
The upper level contains 5-6 offices, a conference area, additional storage, and two-story ceilings with exposed ductwork. The parcel measures just under 5 acres and is zoned COMMR. Its setting along West Algonquin Road is surrounded by homes and shopping, with Randal Road less than a mile away. The property was built in 1930 and is currently associated with construction and landscaping operations.
Key Highlights
- Just under 5 acres along West Algonquin Road
- Zoned COMMR for commercial use
- Remodeled four‑bedroom home leased to a resident
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
$44,702
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
3.44%
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%
$894,040
$894.0K
Cap Rate 7%
$638,600
$638.6K
Cap Rate 9%
$496,689
$496.7K
Market Conditions
NOI Build-Up for 3,242 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
$79.4K $24.48/SF
− Vacancy
−$19.8K −$6.10/SF
EGI
$59.6K $18.38/SF
− OpEx
−$14.9K −$4.60/SF
NOI
$44.7K $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 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%
$894,040
Cap Rate 7%
$638,600
Cap Rate 9%
$496,689
Alternative Uses
Best Use
Office B
$638.6K
$558.8K – $745.0K
NOI $44,702 @ 7.0% cap · market cap 3.44%
Second Best
Mixed Use
$479.4K
$419.4K – $559.3K
NOI $33,555 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.12M
$979.4K – $1.31M
NOI $78,352 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combines office, storage, residential, and outbuilding improvements in a corridor surrounded by homes and shopping.
Where is this mixed-use property located?
The property is located at 3711 Algonquin Rd Algonquin, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Just under 5 acres along West Algonquin Road; Zoned COMMR for commercial use; Remodeled four‑bedroom home leased to a resident
