Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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