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    Algonquin, IL
    Strip Mall

    Algonquin, IL Strip Malls for Sale

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    Fully Leased Shopping Center
    Updated: Aug 25, 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
    1 active listing matches your search: Strip Mall for sale in Algonquin, IL. Based on your search, we've also compiled 5 Potential Opportunities for your consideration: 4 properties in nearby cities and 1 land listing with development potential.

    Opportunities in Nearby Cities

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

    Leased Five-Unit Strip Mall
    Leased Five-Unit Strip Mall

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

    $799,000
    Multi-tenant  Built 1990  0.57 acres
    100% occupied

    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
    Multi-tenant  Built 1990  0.57 acres
    100% occupied

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

    18 spaces  Basement access  Elevated rear entrances
    View details
    Retail Strip Center with Six Suites
    Retail Strip Center with Six Suites

    605-625 N Midlothian Rd, Mundelein, IL 60060

    Contact for pricing
    Multi-tenant  9,750 sqft  1.22 acres
    18% occupied

    Six-suite retail center with restaurant occupancy and direct exposure at a signalized intersection.

    View details
    Strip Retail Center with On-Site Parking
    Strip Retail Center with On-Site Parking

    791 S Midlothian Road, Mundelein, IL 60060

    Contact for pricing
    1,200 sqft  Built 2000
    B-2

    B-2 general retail zoning and a former beauty shop layout support a range of business configurations.

    65 spaces
    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 Corner Lot
    Commercial Corner Lot

    12640 W WADSWORTH Road, Beach Park, IL 60087

    $750,000
    1.36 acres  B1
    60,000 VPD

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

    Utilities to site
    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

    Shopping centers 9
    Storefront properties 8

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Algonquin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60102 $5.5M

    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.

    How Realmo verifies these figures

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    • 60102

    Featured Algonquin Real Estate Agencies

    Realmo connects you with licensed Algonquin CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Perillo Real Estate Group
    270 Stonegate Rd Algonquin, IL 60102
    Phone: (847) 331-2112
    www.perillorealestategroup.com
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