265 Stonegate Rd Algonquin, IL 60102
- Office Properties & Spaces
- 2,476 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 265 Stonegate Rd
- Year built
- 2004
- Property size
- 2,476 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional 2,476 square foot office condo, located at 265 Stonegate Road in Algonquin, Illinois (60102), presents a compelling owner-user or investment opportunity. The Class B building, constructed in 2004, boasts a desirable location in the Randall Road corridor, just one block from Randall Road, adjacent to the Algonquin Jewel Shopping Center, and across from Lifetime Fitness. Currently operating at 90% occupancy with eight individual office rentals, the property includes a shared conference room, restrooms, kitchen, and waiting area. Recent renovations encompass new flooring throughout the offices and common areas, fresh paint, and updated conference room furniture. Further enhancing the property's value, the roof was replaced in 2019, and the driveway was sealed in 2020. The property sits on a 55,900 square foot lot and offers ample parking with 50 spaces. The building is zoned B-2 and features a single story with multiple units. The asking price is $425,000, translating to $171.65 per square foot. This is a turnkey opportunity in a prime location with strong potential for future growth and return on investment. The property's APN is 1929302002.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- McHenry
- State
- Illinois
- Longitude
- -88.332
- Latitude
- 42.1724
