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    252 Randall Rd Algonquin, IL 60102

    Sponsored
    For Lease
    $20 SF/Yr ($18,183 /Mo)

    Former salon, high traffic location, reduced price.

    Lot size:
    10,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,200 square foot retail space, previously a salon, is available for lease in a bustling Algonquin retail center. Situated on the highly visible Randall Road/Algonquin Road corridor, directly across from a Home Depot, this property benefits from over 40,300 vehicles per day passing by. The space is part of a larger 10,440 square foot multi-tenant building constructed in 2001. The unit itself features eight styling stations, three wash bowls, a dedicated laundry room, a restroom, a break room, an office, and a spacious waiting area. Existing salon equipment is included in the lease. The property is zoned B2 and offers ample parking with 40 spaces available. The building is a single-story structure with 200 amp power. The property's APN is 19-30-426-017. The total monthly rent, inclusive of NNN expenses, is $2,800. This represents a significant opportunity for a business seeking a well-equipped, high-visibility location in a thriving retail area. The price has been reduced, making this an even more attractive investment.

    Property Features for 252 Randall Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,440 SF
    Total Rate
    18183

    Building Details

    Year Built
    2001
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,200 SF
    Rate per SF
    $20

    HighLights

    • 10,440 SF single‑tenant retail building, formerly a salon.
    • 1,200 SF vacant space available.
    • Located in a high‑traffic retail corridor with over 40,300 vehicles per day.
    • Features 8 styling stations, 3 wash bowls, laundry room, bathroom, break room, and office.
    • 200‑amp power.
    • Built in 2001, one story.
    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
    -88.336543837813
    Latitude
    42.172273750956

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    FAQs

    What type of property is this?
    Retail property - Former salon, high traffic location, reduced price.
    Where is this retail property located?
    The property is located at 252 Randall Rd Algonquin, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 10,440 SF single-tenant retail building, formerly a salon.; 1,200 SF vacant space available.; Located in a high-traffic retail corridor with over 40,300 vehicles per day.
    Request Owner's contact information
    252 Randall Rd Algonquin, IL 60102
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    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
    252 Randall Rd Algonquin, IL 60102
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