Manufacturing Unit with Loading
For Sale
Contact for pricing
911 Armstrong Street, Algonquin, IL 60102
An end-unit industrial space combines office accommodation, mezzanine storage, and shared parking.
Property Size3,239 SF
Price / SF$0.00
Days on Market29
Property Features for 911 Armstrong Street
General Information
Standard status
Active
Size
3,239 SF
Property subtype
Other
Warehouse & Industrial
Office Build-Out
700 SF
Dock-High Doors
1
Additional Details
Property Use
Industrial
Building Details
Year Built
1982
Listing Agency:
Premier Commercial Realty
(847) 854-2300
Listed By:
Heather Schweitzer · License #471019756
(815) 236-9816
Source:
Helenoliveri
Added: Oct 1
Changed: Oct 28
Last Checked: Oct 28 at 3:34PM
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 Premier Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,239-square-foot manufacturing unit is an end space with approximately 700 square feet of office area, two restrooms, and mezzanine storage above the office. The property also includes one dock, ample power, and common parking. Built in 1982, it is located in Algonquin Industries Business Park, off Rt. 62 (Algonquin Rd.) between Randall Rd. and Route 31.
Key Highlights
- 3,239 SF end unit with approximately 700 SF of office space
- One dock and ample power
- Mezzanine storage above the office and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,943
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,860
$278.9K
Cap Rate 7%
$199,186
$199.2K
Cap Rate 9%
$154,922
$154.9K
Market Conditions
NOI Build-Up for 3,239 SF
Gross rent
$21.0K $6.48/SF
− Vacancy
−$1.1K −$0.33/SF
EGI
$19.9K $6.15/SF
− OpEx
−$6.0K −$1.84/SF
NOI
$13.9K $4.30/SF
Area
McHenry County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,860
Cap Rate 7%
$199,186
Cap Rate 9%
$154,922
Alternative Uses
Best Use
Industrial
$199.2K
$174.3K – $232.4K
NOI $13,943 @ 7.0% cap · market cap 116,191.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$978.5K – $1.30M
NOI $78,280 @ 7.0% cap · market cap 652,333.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Dock-high doors
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - An end-unit industrial space combines office accommodation, mezzanine storage, and shared parking.
Where is this manufacturing property located?
The property is located at 911 Armstrong Street Algonquin, IL.
What are key features of this property?
This property features: 3,239 SF end unit with approximately 700 SF of office space; One dock and ample power; Mezzanine storage above the office and two restrooms
