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Listing provided courtesy of Berkshire Hathaway HomeServices Starck Real EstateMREDas Distributed by MLSGrid- MLS# 12283548MLS Provider

2701 - 2799 Algonquin RoadAlgonquin, IL 60102

Commercial · 29,000 Sq. ft.
$5,500,000 Active

2701 - 2799 Algonquin Road Overview

Time on Site:
509 days
Visits:
6

FULLY LEASED. 6.03 CAP Rate. PRIME RETAIL CENTER ALONG MAJOR SHOPPING CORRIDOR, BUILT IN 2005. HIGH TRAFFIC COUNTS, EXCELLENT VISIBILITY, AMPLE PARKING AND MULTIPLE ACCESS. ILLUMINATED LED SIGNAGE. QUALITY DEMOGRAPICS. CURRENT TENANTS INCLUDE ILLINOIS BONE & JOINT, ALLSTATE INSURANCE, CODE NINJAS AND CD PRICE ONE CLEANERS. MANY LONGER TERM TENANTS. RENT ROLL AVAILABLE W/ NON-DISCLOSURE. OFFERING MEMORANDUM IN ADDITIONAL INFO.

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2701 - 2799 Algonquin Road Facts & Features

  • Type Commercial
  • Sq. ft. 29,000
  • Price/Sq.ft. $190

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: N/A
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 320000
  • Operating Expense: 179660

Building Information

  • Year Built: 2005

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: McHenry
  • MLS Area Major: Algonquin
  • Township: Algonquin

Tax Information

  • Tax Annual Amount: $82,484.00
  • Tax Year: 2023

General Information

  • Parcel Number: 1930405001
  • Property Sub Type: Shopping Center
  • Property Type: Commercial Sale
  • Zoning: RTAIL

Interior

Building Interior

  • Building Area Total: 29000

General Information

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 0

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: Signal Intersection,US Highway
  • Lot Size Dimensions: 292' X 557'
  • Lot Size Square Feet: 162000
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick, Concrete, Synthetic Stucco, Glass
  • Roof: Membrane, Rubber

General Information

  • Number Of Units Total: 16
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected

2701 - 2799 Algonquin Road Neighborhood

Community

60102 (Algonquin) Demographics

43
Median Age
2,202
Population Density (per sq. mile)
52%
College Educated
$109,964
Estimated Median Income
10,207
Estimated Total Home Owners
1,632
Estimated Total Renters
86% / 14%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2701 - 2799 Algonquin Road Monthly Cost

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Jody Gerut
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2701 - 2799 Algonquin Road Market Data

Based on the last 30 days in this zip code

$508,520
Average List Price
$207
Average Price per Square Foot
44
Properties Sold
52
Average Days on Market
131
Properties for Sale
Calculations provided by Reliance Network

2701 - 2799 Algonquin Road History

Date Event Value Agent
8/3/2025Source: MRED Status Change
Active
7/31/2025Source: MRED Status Change
Price Change
7/31/2025Source: MRED Price Increase
$5,500,000 10.0%
2/10/2025Source: MRED Status Change
Active
2/5/2025Source: MRED Added to Database
February 05, 2025