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Property profile & analytics
OFF-MARKET
Office Spaces

1449 Merchant Dr Algonquin, IL 60102

Built 2004
Property ID
Property summary
AI-generated overview

This exceptional 1,339 square foot medical office space is available for lease in the desirable Briarwood Office Center in Algonquin, Illinois. Built in 2004, this single-tenant property offers a turnkey solution for medical professionals seeking a well-established location. Situated conveniently off County Line Road, the property enjoys high visibility and easy access. Its strategic location provides significant advantages, being within a 5.3 to 12.0-mile radius of three hospitals and six medical clinics, serving a substantial patient base. This prime location places the property within a major service area for Advocate Sherman and Centegra Healthcare, two prominent healthcare providers. The property is located at 1449 Merchant Drive, Algonquin, IL 60102, in McHenry County, a thriving community with over 300,000 residents. The property's single-tenant occupancy ensures a streamlined operational environment. This is an excellent opportunity for a medical practice seeking a well-equipped, conveniently located space within a robust healthcare market. The property is ready for immediate occupancy.

Property profile
Verified
Property type Office Spaces
Year built 2004
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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