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    Algonquin, IL Medical Office Space for Sale

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    Lake In The Hills, IL Barrington Hills, IL Crystal Lake, IL
    Medical Condos For Sale
    $258,500
    1,860 SF
    Medical Condos For Sale

    1447 Merchant Drive, Algonquin, IL 60102

    High-end, income-producing medical condos with 10.25 cap rate.
    • High cap rate of 10.25% indicates strong income potential.
    • Armchair investment: Owner's association handles exterior maintenance, common areas, roof, and structure.
    • Income‑producing medical condos offer immediate returns.
    • Condos are located in a medical setting, potentially ensuring stable tenant demand.
    • Built in 2004, suggesting relatively modern construction.
    Updated: Mar 12
    View details
    Turn-Key Medical Testing Center
    $173,900
    1,339 SF
    Turn-Key Medical Testing Center

    1449 Merchant Dr, Algonquin, IL 60102

    Medical testing center for sale in Briarwood Office Center.
    • Turn‑key medical testing center ready for immediate operation.
    • Strategic location near Advocate Sherman and Centegra Healthcare hospitals and other medical clinics.
    • High‑traffic location in Briarwood Office Center, across from Algonquin Commons.
    • Located in McHenry County, serving a large population.
    • Proximity to multiple hospitals and medical clinics.
    Updated: Feb 14, 2024
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    Medical Condos For Sale
    $258,500
    1,860 SF
    Medical Condos For Sale

    High-end medical condos producing 10.25% return.

    1447 Merchant Dr, Algonquin, IL 60102

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 3 Active listings in Algonquin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Condo in Trinity Commons
    $149,000
    2,563 SF
    Commercial Condo in Trinity Commons

    2,563 SF commercial condo ideal for diverse uses.

    9115 Trinity Drive, Lake In The Hills, IL 60156

    View details
    Turn-Key Medical Office Suite
    $224,900
    2.65 Acres
    Turn-Key Medical Office Suite

    Move-in ready medical office in Riverpoint Professional Building.

    912 Northwest Highway, Fox River Grove, IL 60021

    View details
    Multi-Tenant Medical Office Building
    Contact for pricing
    Multi-Tenant Medical Office Building

    94% leased medical office building with value-add opportunities.

    1301 Pyott Rd |, Lake In The Hills, IL 60156

    View details
    Medical Office Suite For Sale
    $372,000
    1,425 SF
    Medical Office Suite For Sale

    New medical office suite in growing residential and commercial area.

    912 W Northwest Hwy Suite-204, Fox River Grove, IL 60021

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Development Site For Sale
    Contact for pricing
    Corner Development Site For Sale

    Prime corner development site with high traffic counts.

    IL - 62 Algonquin Rd., Barrington Hills, IL 60010

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    Prime Land in Randall Road
    $550,000
    2.38 Acres
    Prime Land in Randall Road

    2.38 acres in Carpentersville's Randall Road Commercial District.

    6850 Huntley Road, Carpentersville, IL 60110

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    Prime Corner Lot in Carpentersville
    $550,000
    2.41 Acres
    Prime Corner Lot in Carpentersville

    2.41 acre corner lot near Randall Road corridor.

    Huntley Road lot: 009, Carpentersville, IL 60110

    View details
    Westmont Commercial Land For Sale
    $399,500
    0.17 Acres
    Westmont Commercial Land For Sale

    Vacant lot suitable for commercial or residential development.

    3920 N CASS Avenue, Westmont, IL 60559

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    Off-Market Properties in Algonquin, IL

    Consider similar Off-Market properties in Algonquin, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    265 Stonegate Rd
    Medical Office Space
    2,476 SF
    Value Estimation by Request

    265 Stonegate Rd, Algonquin, IL 60102

    View details
    1449 Merchant Dr
    Medical Office Space
    1,339 SF
    Value Estimation by Request

    1449 Merchant Dr, Algonquin, IL 60102

    View details
    1447 Merchant Dr
    Medical Office Space
    1,860 SF
    Value Estimation by Request

    1447 Merchant Dr, Algonquin, IL 60102

    View details
    1449 Merchant Dr
    Medical Office Space
    Value Estimation by Request

    1449 Merchant Dr, Algonquin, IL 60102

    View details

    Algonquin, IL Medical Office Space Investment Opportunities Market Analysis

    Explore 7 medical office space for sale in Algonquin, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,059 square feet of properties for sale, with an estimated market value of $690,900.

    Sale prices for medical spaces in Algonquin, IL start at $173,900, averaging $230,300, and reaching up to $258,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Office Units 8
    Medical Office Space 6
    Office buildings 2

    Demographics Overview

    Population 61K
    Population Growth (5Y) -0.7%
    Median Household Income $121,192
    College Educated 52.6%

    High-Yield Neighborhoods for Investment

    Identify Algonquin submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    60102 $230.3K

    Taxes & Financing

    Tax Rate (average for all types) 8.90%
    Property Tax per SF $80.23 per sq ft
    Average Loan-to-Value 65.0%

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