1409-1419 Commerce Dr - Freestanding FOR SALE
Algonquin, IL 60102 |
$1,150,000 USD
872-256-1031
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.
- Algonquin’s 2025 population stands at approximately 30,439, with a median household income of $131,753, indicating strong consumer purchasing power.
- The area has experienced steady population growth, with a 2.57% increase since 2020, suggesting a growing market for retail services.
FOR SALE DETAILS
PRICE
$1,150,000 USD
PRICE/SF
$191 USD /SF
CAP RATE
8.49%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
County Line Center
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
-
APN/PARCEL ID
19-32-351-010
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872-256-1031
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872-256-1031
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