Property Listing No Longer Available for Sale

2561 County Line Road, Algonquin, IL

Retail for Sale - $1,499,900 - 7,549 Sq. Ft. on 1.34 acres


Property Info

CIMLS#958432
Location
  2561 County Line Road
  Algonquin IL 60102
UpdatedFebruary 16th, 2018
TypeRetail
Price$1,499,900
Building7,549 Sq. Ft.
Land1.34 acres

Property Description

Great opportunity to purchase a fully equipped, like new, second generation restaurant space with on-site parking for 62 cars plus cross easement parking within the center. Great for redevelopment opportunity as well.

Location Description:

High visibility Algonquin Commons out parcel in an extremely strong trade area immediately on Randall Road. Great retailer con tenancy including Trader Joe's, Walmart, Loft, Gap, Old Navy, Houlihans, Fuddruckers and many, many others. Combined Randall Road Road and County Road traffic counts exceeding 52,000 VPD.

Algonquin is a town in McHenry and Kane Counties, located approx. 40 miles northwest of the Chicago Loop. Major roadways include Rt. 62 (Algonquin Road), Lake Cook Road and Randall Road. The village continues to see considerable residential and business growth, has a population of just over 30,000 people, and the average household income is just under $100,000. Algonquin has experienced tremendous economic growth over the past few years, and continues to expand.

Highlights:

>> Like new second generation space. Built in 2008

>> Fully equipped and ready to operate

>> 1.34 acre parcel

>> High visibility right on Randall Road

>> Great Trade Area

>> Second to none co-tenancy

>> Real estate taxes are $28,605/year

>> Property is available for ground lease as well

* Email for additional photos

** This property also has spaces available for lease.


Financials


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