9560 State Rte Algonquin, IL 60102
- Office Properties & Spaces
- 1,695 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 9560 State Rte
- Year built
- 1960
- Property size
- 1,695 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- McHenry
- State
- Illinois
- Longitude
- -88.2864
- Latitude
- 42.1904