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Property profile

903 Armstrong St Algonquin, IL 60102

OFF-MARKET
Industrial properties
34,000 SF Built 1978
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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

Location

903 Armstrong St Algonquin, IL 60102
Algonquin metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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