252 Randall Rd Algonquin, IL 60102
This exceptional 1,200 square foot retail space is situated within the vibrant Stonegate Commons, a 10,440 square foot multi-tenant center in Algonquin, Illinois. Located at 252 S Randall Rd, 60102, this property boasts a prime location on the busy Randall Road/Algonquin Road retail corridor, directly across from a Home Depot, experiencing over 40,300 vehicles per day. Built in 2001, this single-story building offers convenient access and ample parking with 52 spaces. The space itself is a former hair salon, featuring eight styling stations, three wash bowls, a laundry room, bathroom, break room, office, and a front waiting area. Existing salon equipment is included. The property is zoned for retail use and benefits from a 400A power supply. The total monthly rent, inclusive of common area maintenance (CAM) and taxes, is $3,000. Property taxes are $4.55 per square foot. The building has a floor area ratio (FAR) of 0.26. This presents a fantastic opportunity for a salon, spa, restaurant, or similar business seeking a well-established location with high visibility and existing infrastructure. The property is part of the Chicago submarket.
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.
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Risks
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