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    OFF-MARKET
    Industrial properties

    903 Armstrong St, Algonquin, IL 60102

    34,000 SF Built 1978
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11,017 square foot industrial condo offers a unique blend of warehouse and office space, perfectly situated in a multi-tenant building at 903 Armstrong Street, Algonquin. The property boasts approximately 9,700 square feet of warehouse space, complemented by 1,317 square feet of well-appointed office area. Office features include two private offices, a reception area, open clerical space, a conference room, and a compliant ADA bathroom. The warehouse area is equipped with substantial power (400 amp, 240V, 3-phase), two ADA-compliant bathrooms, a convenient utility closet, and added mezzanine storage above the conference room and bathrooms. Practical features include floor drains and a loading dock with a leveler. The entire unit is located within a larger 34,000 square foot building, constructed in 1978, and is a single-story structure with 17-foot ceilings. The building enjoys a highly desirable location, conveniently situated off Algonquin Road (Route 62), between Route 31 and Randall Road. The property is zoned M1. The APN is 19-26-451-002. This is a gross lease with CAM and taxes included at a monthly rate of $8,263. This property presents a fantastic opportunity for businesses seeking efficient and well-equipped industrial space in a prime Algonquin location.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1978
    Total area 34,000 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
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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