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 Market219
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
Listed By:
David Mikrut · License #471.022973
Source:
Crexi
Added: Mar 13
Changed: Oct 16
Last Checked: Oct 16 at 7:53AM
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 Wisdom Capital Group
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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 / Yr
$44,702
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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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
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
