Retail Suite with
For Sale
Contact for pricing
418 S Randall Road, Algonquin, IL 60102
The suite includes private rooms, two ADA-compliant restrooms, a kitchen, office areas, and storage.
Property Size2,048 SF
Price / SF$0.01
Days on Market15
Property Features for 418 S Randall Road
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Commercial
Additional Details
Anchor Co-Tenants
Meijer
Amenities
customer-friendly parking
two separate ADA bathrooms
kitchen
office areas
storage space
Building Details
Year Built
2005
Listing Agency:
Orion Real Property Services, LLC
(847) 401-2801
Listed By:
Mary Tracy
Source:
Helenoliveri
Added: Oct 15
Changed: Oct 28
Last Checked: Oct 28 at 3:21PM
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 Orion Real Property Services, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,048-square-foot retail suite was built in 2005 and previously housed a cell phone retailer. Its layout includes showroom space, lockable rooms, two ADA-compliant bathrooms, a kitchen, office areas, and storage.
Positioned in a Meijer outlot center, the property has direct exposure along Randall Road in Algonquin. The center includes multiple national tenants and customer parking.
Positioned in a Meijer outlot center, the property has direct exposure along Randall Road in Algonquin. The center includes multiple national tenants and customer parking.
Key Highlights
- 2,048‑square‑foot retail suite built in 2005
- Showroom area and lockable rooms
- Two ADA bathrooms, kitchen, office areas, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,762
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,240
$395.2K
Cap Rate 7%
$282,314
$282.3K
Cap Rate 9%
$219,578
$219.6K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$30.7K $15.00/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$28.2K $13.79/SF
− OpEx
−$8.5K −$4.14/SF
NOI
$19.8K $9.65/SF
Area
McHenry County, IL
Vacancy
8.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,240
Cap Rate 7%
$282,314
Cap Rate 9%
$219,578
Alternative Uses
Best Use
Retail
$282.3K
$247.0K – $329.4K
NOI $19,762 @ 7.0% cap · market cap 70,578.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$707.1K
$618.7K – $824.9K
NOI $49,496 @ 7.0% cap · market cap 176,771.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The suite includes private rooms, two ADA-compliant restrooms, a kitchen, office areas, and storage.
Where is this retail space located?
The property is located at 418 S Randall Road Algonquin, IL.
What are key features of this property?
This property features: 2,048‑square‑foot retail suite built in 2005; Showroom area and lockable rooms; Two ADA bathrooms, kitchen, office areas, and storage
