1518 Algonquin Rd Palatine, IL 60067
This exceptional commercial property in Palatine, IL, offers 3,000 square feet of available space within a larger 20,000-square-foot building. Located at 1518 W Algonquin Rd, this single-story, Class B building boasts 8 suites, with individual spaces ranging from a minimum of 1,000 square feet to a maximum of 2,000 contiguous square feet. Built in 1989 and renovated in 2010, the property features a 10-foot ceiling height and ample parking with 85 spaces. The convenient location offers high visibility on Algonquin Road, just steps from Harper College and one traffic light from I-90 access, ensuring significant traffic flow. The property sits on a substantial 91,032-square-foot lot and benefits from B-2 zoning. This Cook County location, within the Schaumburg submarket and O'Hare submarket cluster, provides easy access to major transportation routes and a thriving business community. The building's modern amenities and strategic placement make it an ideal location for a variety of businesses. This is a multiple tenancy building situated in a high-growth area, offering excellent potential for businesses seeking a prominent presence in the northwest Chicago suburbs. The property's features include a pylon sign and freeway visibility, enhancing its marketing potential.
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Zoo-Tropic Exotics (Bike/Boat/Book/etc) Store Pet Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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