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Property profile & analytics
OFF-MARKET
Office Spaces

1449 Merchant Dr Algonquin, IL 60102

1,339 SF
Property ID
Property summary
AI-generated overview

This exceptional 1,339 square foot medical office building is available for $258,427 ($193/sq ft). Located at 1449 Merchant Drive in Algonquin, Illinois (zip code 60102), this turn-key property is situated in the Briarwood Office Center, conveniently located off County Line Road, across from Algonquin Commons. The property's prime location offers unparalleled access to a significant healthcare market. It benefits from its proximity to major healthcare providers, including three hospitals and six medical clinics within a 5.3 to 12.0-mile radius. This strategic positioning makes it ideal for medical professionals seeking to establish or expand their practice within a thriving community. The building is situated in McHenry County, a rapidly growing area with a population exceeding 300,000 residents, ensuring a substantial patient base. This turnkey medical testing center presents a unique opportunity for immediate occupancy and operational efficiency. The property is classified as a medical office within the Office property type.

Property profile
Verified
Property type Office Spaces
Total area 1,339 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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