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Property profile & analytics
OFF-MARKET
Office Spaces

1455 Merchant Dr Algonquin, IL 60102

1,573 SF Built 2004
Property ID
Property summary
AI-generated overview

Attention investors! This 1,573 square foot medical office condo in Algonquin, IL, at 1455 Merchant Drive, presents a compelling investment opportunity. Currently generating a 10% return, this property offers a hands-off approach to real estate investment. The owner's association diligently manages all exterior maintenance, including the common areas, roof, and building structure, minimizing your responsibilities and maximizing your returns. This is a turnkey investment, ideal for passive income seekers. The property's location in Algonquin provides convenient access to local amenities and a strong patient base. The asking price is $275,900. This high-end medical condo is a rare find in the current market, offering a secure and profitable investment with minimal ongoing management demands. The property is situated on a 0-acre lot, and its 1,573 square feet provide ample space for a variety of medical practices. Don't miss this chance to acquire a proven income-generating asset and enjoy the benefits of a truly passive investment. Serious inquiries only.

Property profile
Verified
Property type Office Spaces
Year built 2004
Total area 1,573 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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