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    Algonquin, IL
    Strip Mall

    Algonquin, IL Strip Malls for Sale

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    Fully Leased Shopping Center
    Updated: Oct 12, 2024
    Fully Leased Shopping Center

    2799 Algonquin Rd 2701, Algonquin, IL 60102

    $5,500,000
    29,000 sqft
    29,000‑square‑foot shopping center built in 2005
    Fully leased with a reported 6.03 cap rate
    Current occupants include Illinois Bone & Joint, Allstate Insurance, Code Ninjas, and CD Price One Cleaners
    Illuminated LED signage and on‑site parking
    Multiple access points along Algonquin Rd
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    See hot listings in Algonquin

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Algonquin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Strip Mall
    Strip Mall

    731 E Nerge Road 731-791, Roselle, IL 60172

    $2,200,000
    23,881 sqft

    Retail center serving the Roselle market at the junction of Nerge Road and Plum Grove Road.

    View details
    Leased Five-Unit Strip Mall
    Leased Five-Unit Strip Mall

    1305-1385 N La Fox Street, South Elgin, IL 60177

    $799,000
    0.57 AC lot

    Brick commercial center with central air, basement access, and private parking serving multiple established businesses.

    View details
    Leased Strip Mall
    Leased Strip Mall

    1305-1385 N La Fox Street, South Elgin, IL 60177

    $799,000
    0.57 AC lot

    Brick retail and office center with multiple occupied suites, private parking, and basement access for storage or utility work.

    View details
    Established Strip Mall with Central Air
    Established Strip Mall with Central Air

    731 E Nerge Road, Roselle, IL 60172

    $2,200,000
    2.99 AC lot

    Retail center with central air, established improvements, and access from Nerge Road and Plum Grove Road.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land at Signalized Intersection
    Commercial Land at Signalized Intersection

    40 Acres Randall Road, Elgin, IL 60123

    $10,000,000
    40.40 AC lot

    Large commercial land tract with adjacent sewer and water and possible shared access.

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    Commercial Corner Lot
    Commercial Corner Lot

    12640 W WADSWORTH Road, Beach Park, IL 60087

    $750,000
    1.36 AC lot

    Fully developed commercial parcel positioned at a high-traffic intersection in Beach Park.

    View details

    Algonquin, IL Strip Malls Market Trends and Statistics

    Explore 1 strip malls for sale in Algonquin, IL on our real estate platform. These investment opportunities span a total of 29,000 square feet of properties for sale, with an estimated market value of $5,500,000.

    Sale prices for retail strips in Algonquin, IL average $5,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 8
    Shopping centers 6

    Demographics Overview

    Population 61K
    Population Growth (5Y) -0.7%
    Median Household Income $121,192
    College Educated 52.6%

    Taxes & Financing

    Tax Rate (average for all types) 8.90%
    Property Tax per SF $80.23 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McHenry County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Algonquin fall within the 25,000 to 50,000 square foot range.

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