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    OFF-MARKET
    Office Spaces

    9560 State Rte, Algonquin, IL 60102

    1,695 SF Built 1960
    Property ID
    Property summary
    AI-generated overview

    This 1,695 sq ft Algonquin office building, built in 1960 and renovated in 2023, is available for $345,000. Located at 9560 S IL RTE 31, it features four offices, two conference rooms, and a full bath. The property boasts a prime location with high visibility, seeing over 30,000 cars daily. Zoned L-1, it offers versatile usage options including light industrial, limited retail, and various service businesses. Recent updates include a new roof and siding. The single-story building sits on a 13,347 sq ft lot and includes 12 parking spaces. The property is 100% occupied as of May 1, 2022, and is offered as an owner-user opportunity with low taxes. The building shares a well and septic system with the adjacent property, also available for purchase, presenting potential for expansion. This is a NNN lease property.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1960
    Total area 1,695 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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