265 Stonegate Rd Algonquin, IL 60102
- Apartment buildings
- 2,476 SF
- 1.30 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 265 Stonegate Rd
- Year built
- 2004
- Lot size
- 1.30 lot acres
- Property size
- 2,476 SF
- Property type
- Apartment buildings
Description
This exceptional 2,476 square foot office condo, situated on a 1.3-acre lot at 265 Stonegate Road in Algonquin, IL, presents a lucrative investment opportunity. Ideally located just one block from the bustling Randall Road corridor, this property enjoys unparalleled visibility and accessibility. The building boasts eight currently leased office spaces generating consistent gross rental income, ensuring a strong return on investment. Recent renovations enhance its appeal, including updated flooring throughout the offices and common areas, fresh paint, and brand new conference room furniture. Further contributing to its value, the roof was replaced in 2019, and the driveway was sealed in 2020. Beyond the individual offices, the condo features a shared conference room, separate men's and women's restrooms, a convenient kitchen area, and a welcoming waiting area. Its prime location offers proximity to the Algonquin Jewel Shopping Center and Lifetime Fitness, providing tenants and visitors with a wealth of amenities. This turnkey investment property is ready for immediate income generation. The property's strong tenant base, recent upgrades, and strategic location make it an exceptional opportunity for discerning investors seeking a stable and profitable commercial real estate asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3316
- Latitude
- 42.1726
