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    702 Randall Rd Algonquin, IL 60102

    For Lease
    Contact for pricing

    Prime Retail Space, 2500 sq ft, High Traffic

    Lot size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,500 square foot retail space is located within Woodscreek Center at 702 S Randall Rd, Algonquin, IL 60102, situated on the highly trafficked Randall Road retail corridor. The property boasts a strong co-tenancy with established national retailers including Target, HomeGoods, Michael's, and Kohl's, ensuring high visibility and foot traffic. This multiple-tenancy center offers excellent access with two traffic light access points. The space is currently vacant and ready for immediate occupancy. The location benefits from a dense population base, with over 150,000 people residing within a 5-mile radius, exhibiting an average household income near $150,000. This presents a unique opportunity for businesses seeking a prime retail location in a thriving community. The property is conveniently located near Harnish Drive, providing easy access and excellent visibility. This space is ideal for a variety of retail uses and offers significant potential for growth and success. Don't miss this chance to establish your business in a premier Algonquin location.

    Property Features for 702 Randall Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,500 SF

    Unit(s) available at that property

    Space
    708
    Size
    2,500 SF

    HighLights

    • Power center anchored by Target, HomeGoods, Michaels, and Kohl's.
    • Prime Randall Road retail corridor location.
    • Densely populated trade area: 150,000+ residents within a 5‑mile radius, boasting average household incomes near $150,000.
    • Excellent accessibility with two traffic signalized intersections.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Dental Office 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
    -88.338865580726
    Latitude
    42.165405150523

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 2500 sq ft, High Traffic
    Where is this retail property located?
    The property is located at 702 Randall Rd Algonquin, IL.
    What are key features of this property?
    This property features: Power center anchored by Target, HomeGoods, Michaels, and Kohl's.; Prime Randall Road retail corridor location.; Densely populated trade area: 150,000+ residents within a 5-mile radius, boasting average household incomes near $150,000.
    Request Owner's contact information
    702 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
    702 Randall Rd Algonquin, IL 60102
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