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    1300 Algonquin Rd Algonquin, IL 60102

    Sponsored
    For Lease
    $11 SF/Yr

    Prime Algonquin retail space available.

    Lot size:
    103,266 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, Algonquin Town Center, located at 1300 E Algonquin Rd, Algonquin, IL 60102, offers 103,266 square feet of commercial space in McHenry County. The property features a diverse tenant mix, including established businesses like Dollar Tree and Goodwill. Multiple leasing options are available, ranging from 780 square feet to a maximum contiguous space of 41,188 square feet, with 56,716 square feet currently vacant. The center boasts excellent visibility with monument signage along Algonquin Road, a high-traffic area with nearly 39,000 vehicles per day. Its strategic location across from major retailers such as Jewel-Osco and Dunkin' Donuts ensures high foot traffic and a strong retail environment. The property sits on a 10.72-acre lot and provides ample parking with 300 spaces. This thriving commercial hub presents a unique opportunity for businesses seeking a prominent location in suburban Algonquin. The minimum divisible space is 780 square feet. This well-maintained property offers a dynamic retail environment in a high-demand area.

    Property Features for 1300 Algonquin Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    103,266 SF
    Total Rate
    94660.5

    Unit(s) available at that property

    Space
    Suite 1302
    Size
    780 SF
    Rate per SF
    $21
    Space
    Suite 1310
    Size
    1,140 SF
    Rate per SF
    $20
    Space
    Suite 1324-1328
    Size
    3,525 SF
    Rate per SF
    $14
    Space
    Suite 1330
    Size
    1,840 SF
    Rate per SF
    $16
    Space
    Suite 1404
    Size
    1,560 SF
    Rate per SF
    $20
    Space
    Suite 1406
    Size
    2,880 SF
    Rate per SF
    $18
    Space
    Suite 1400
    Size
    41,188 SF
    Rate per SF
    $11
    Space
    Suite 1414
    Size
    2,480 SF
    Rate per SF
    $18
    Space
    Suite 1416
    Size
    1,327 SF
    Rate per SF
    $20

    HighLights

    • Prime Algonquin location with strong demographics.
    • 300 parking spaces (6.10/1,000 SF).
    • Over 38,000 vehicles per day on Algonquin Rd.
    • Average household income exceeding $90,000.
    • Dollar Tree‑anchored retail center.
    • Spaces available from 780 SF to 41,000 SF contiguous.
    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 Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Algonquin
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2754474
    Latitude
    42.1613123

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    FAQs

    What type of property is this?
    Retail property - Prime Algonquin retail space available.
    Where is this retail property located?
    The property is located at 1300 Algonquin Rd Algonquin, IL.
    What is the lease rate?
    The lease rate is $11-$21 SF/Yr.
    What are key features of this property?
    This property features: Prime Algonquin location with strong demographics.; 300 parking spaces (6.10/1,000 SF).; Over 38,000 vehicles per day on Algonquin Rd.
    Request Owner's contact information
    1300 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
    1300 Algonquin Rd Algonquin, IL 60102
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