1437-1457 Merchant Dr - Medical CONDO FOR SALE


Algonquin, IL 60102
$154,510-$330,000 USD
815-540-5101
1437-1457 Merchant Dr, Algonquin, IL for Sale
$154,510-$330,000 USD
Medical CONDO - FOR SALE
1/24
1,339-2,912 SF | Request Cap Rate

1437-1457 Merchant Dr
Algonquin, IL 60102


HIGHLIGHTS

  • Located across from Algonquin Commons retail destination.
  • Positioned near Advocate Sherman Hospital and regional healthcare providers.
  • Condominium association provides exterior maintenance services.
  • Built-out office environment suitable for medical and professional users.

OVERVIEW

1449 Merchant Drive presents an opportunity to acquire an established medical office condominium in one of Algonquin's primary commercial corridors. Located across from Algonquin Commons and near Advocate Sherman Hospital and other healthcare providers, the property benefits from a healthcare-oriented setting with convenient access to Randall Road and surrounding retail, service, and medical amenities. Built in 2004, the condominium features an existing medical office buildout that may reduce future improvement costs for healthcare and professional office users. Ownership also benefits from a condominium association that handles exterior maintenance, allowing owners to focus on operations rather than exterior property upkeep. The location offers visibility within a well-developed commercial area and access to a large surrounding customer and patient base.

FOR SALE DETAILS

PRICE

$154,510-$330,000 USD

CAP RATE

Request Cap Rate

# OF UNITS

3

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg B

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

21,550 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

B2- PUD, Algonquin

APN/PARCEL ID

19-32-352-009,19-32-352-021

ASK ABOUT THIS PROPERTY

Michael CarpenterRVG Commercial Real Estate ServicesMore Info
815-540-5101

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Michael CarpenterRVG Commercial Real Estate ServicesMore Info
815-540-5101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.