501-515 E Algonquin Rd Algonquin, IL 60102
- The subject property is a 11,000 sf retail building located directly on algonquin road (il route 62), just 3 blocks east of the downtown district and the fox river, and at the lighted intersection of algonquin road and eastgate drive. Located across from mcdonald’s and just before the river, this is an extremely convenient center or local residents and traffic, particularly traffic heading west during rush hour. - The property features 2 available units – a former 7-11 with wide open space, as well as a former liquor store, fully built out and move-in ready. Exclusive monument signage available for the end-cap unit. Additional tenants in the building include a liquor store, nail salon, state farm insurance, laundromat and vape store. - Located 3 blocks east of downtown algonquin district. - 2,473 sf & 2,477 sf (endcap; small outdoor storage shed available)11,000 sf building / 1.13 acres - Fully built-out liquor store and former 7–11 - 29 miles from o’hare airport 40 miles from chicago loop - Algonquin has recently experienced great economic growth - High household income ($100,000+) in surrounding areas - 86 parking spaces - Easy access to surrounding neighborhoods including schools and libraries - Located in center with a variety of adjacent tenants and on a lighted intersection - Algonquin road: 37,000 vpd
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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