1409-1419 Commerce Dr - Freestanding FOR SALE
Algonquin, IL 60102 |
$1,272,000 USD
773-279-5390
1409-1419 Commerce Dr
Algonquin, IL 60102
HIGHLIGHTS
- The property boasts a 90.27% occupancy rate, reflecting strong tenant retention and consistent cash flow
- Comprising nine tenants across ±6,020 square feet, the center offers a diversified income stream, reducing reliance on any single occupant.
- Situated in Algonquin, IL, part of the expansive Chicago MSA, the property benefits from access to a broad and affluent customer base.
- The center enjoys strategic positioning within a well-trafficked corridor of S Randall Road (±45,852 VPD) with proximity to major roadways.
- The area has experienced steady population growth, with a 2.57% increase since 2020, suggesting a growing market for retail services.
- Varied lease expiration dates provide stable cash flow and reduce exposure to significant rollover risk in any single year.
FOR SALE DETAILS
PRICE
$1,272,000 USD
PRICE/SF
$204 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
LAND ACRES
0.59 AC
LAND SF
25,700 SF
ZONING
B-2
APN/PARCEL ID
19-32-351-010
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773-279-5390
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773-279-5390
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