1515-1519 S Randall Rd - Freestanding FOR SALE


Algonquin, IL 60102
$12,900,000 USD
847-910-8820
1515-1519 S Randall Rd, Algonquin, IL for Sale
$12,900,000 USD
Freestanding - FOR SALE
1/3
null | 6.98% Cap Rate

1515-1519 S Randall Rd
Algonquin, IL 60102


OVERVIEW

- Outstanding redevelopment opportunity! - Assumable CMBS Debt - Pad site available - potential conversion to an outlot -Priced below new construction costs -Existing 30,078 SF anchor tenant, Martejo Discount, will vacate - Current tenants - La-Z-Boy, Potbelly’s, Athletico, Hassless Matress, Fox River Spa, Baird & Warner & Martejo Discount - Prime location at Randall & County Line Rds, situated within 2,000,000 SF retail node - Located across the street from Algonquin Commons, a premier 600,000 SF lifestyle center, anchored by Trader Joe’s, Nordstrom Rack, Dick’s Sporting Goods, Barnes & Noble & Fresh Market - Affluent trade area with average household income of $111,529 within 3 mile radius - Average traffic counts of 43,000 VPD - Fitness use will require conditional use permit - For more information, please sign the enclosed Confidentiality Agreement to receive our full offering package.

FOR SALE DETAILS

PRICE

$12,900,000 USD

PRICE/SF

$1,159 USD /SF

CAP RATE

6.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

B2 PUD

APN/PARCEL ID

03-05-101-016

ASK ABOUT THIS PROPERTY

Linda KostRealty Metrix CommercialMore Info
847-910-8820

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Linda KostRealty Metrix CommercialMore Info
847-910-8820

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