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    3927 Algonquin Rd Algonquin, IL 60102

    Sponsored
    For Lease
    $18 SF/Yr

    High-visibility retail space, multiple suites available

    Lot size:
    37,968 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Prestwicke Plaza offers exceptional retail outparcel space in a thriving neighborhood center. This Class A property, built in 2000 and renovated in 2016, comprises four buildings totaling 37,968 square feet and features 15 individual suites. Currently, 3,357 square feet of contiguous space is immediately available for lease, with a minimum divisible space of 2,327 square feet. The property boasts high visibility and excellent access, making it ideal for a variety of retail uses. The available space is perfect for businesses seeking a prominent location in a busy commercial area. The flexible suite sizes allow for customization to meet individual tenant needs. The property's recent renovation ensures modern amenities and a well-maintained environment. This is a prime opportunity for businesses looking to establish or expand their presence in a high-traffic location. The property is available for occupancy on October 1st, 2024. Don't miss this chance to secure your space in this successful retail center. Contact us today to learn more about leasing opportunities.

    Property Features for 3927 Algonquin Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,968 SF
    Class
    A
    Total Rate
    56952

    Building Details

    Year Built/Renovated
    2000/2016
    Buildings
    4

    Unit(s) available at that property

    Space
    Outparcel Retail / Office Space
    Size
    2,337 SF
    Rate per SF
    $18
    Space
    3931 Algonquin Road
    Size
    1,120 SF
    Rate per SF
    $20

    HighLights

    • High‑visibility Class A retail outparcel space in a thriving neighborhood center.
    • Multiple suites available, ranging from 1,120 to 3,357 square feet.
    • Total of 37,968 square feet across four buildings, with 3,357 square feet currently vacant.
    • Built in 2000, renovated in 2016, offering 15 total suites, minimum divisible space of 2,327 square feet.
    • Available October 1, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Algonquin
    County
    Mchenry
    State
    Illinois
    Longitude
    -88.368320182998
    Latitude
    42.175382166133

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail space, multiple suites available
    Where is this retail property located?
    The property is located at 3927 Algonquin Rd Algonquin, IL.
    What is the lease rate?
    The lease rate is $18-$20 SF/Yr.
    What are key features of this property?
    This property features: High-visibility Class A retail outparcel space in a thriving neighborhood center.; Multiple suites available, ranging from 1,120 to 3,357 square feet.; Total of 37,968 square feet across four buildings, with 3,357 square feet currently vacant.
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    3927 Algonquin Rd Algonquin, IL 60102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3927 Algonquin Rd Algonquin, IL 60102
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