1455 Merchant Dr Algonquin, IL 60102
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.