1900 Randall RdAlgonquin, IL 60102

Algonquin Commons, a premier 542,117 square foot shopping center in Algonquin, IL (60102), presents a unique investment opportunity. Located at 1900 S Randall Rd, this 2004-built center boasts a 95.6% occupancy rate and underwent renovations in 2024. The property sits on a 63.63-acre lot and features a diverse tenant mix including Trader Joe's, Fresh Market, Nordstrom Rack, Ross Dress for Less, DSW, Old Navy, J. Crew, Ulta, Lane Bryant, Hollister, American Eagle Outfitters, Victoria's Secret, Express, Dick's Sporting Goods, Barnes & Noble, and Bob's Furniture. This dominant center within a three million square foot retail corridor enjoys exceptional visibility and high traffic, evidenced by 5.1 million visits in the past year, ranking it #1 within a 15-mile radius. The strong demographics of the area, with nearly 400,000 residents and average household incomes exceeding $126,000 annually, further support the property's value. Recent improvements include parking lot refinishing and three new, prominent pylon signs (25-30 feet tall), providing enhanced visibility and potential future revenue streams. The center offers significant upside potential through lease renegotiations with existing tenants. This is a rare opportunity to acquire a best-in-class, dual-grocer anchored shopping center in a thriving market.