1455 Merchant Dr Algonquin, IL 60102
- Office Properties & Spaces
- 1,573 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1455 Merchant Dr
- Year built
- 2004
- Property size
- 1,573 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3311
- Latitude
- 42.1555
