265 Stonegate RdAlgonquin, IL 60102

For Sale
$425,000

8-Unit Office Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 2,476 square foot office condo, located at 265 Stonegate Road in Algonquin, Illinois (60102), presents a compelling owner-user or investment opportunity. The Class B building, constructed in 2004, boasts a desirable location in the Randall Road corridor, just one block from Randall Road, adjacent to the Algonquin Jewel Shopping Center, and across from Lifetime Fitness. Currently operating at 90% occupancy with eight individual office rentals, the property includes a shared conference room, restrooms, kitchen, and waiting area. Recent renovations encompass new flooring throughout the offices and common areas, fresh paint, and updated conference room furniture. Further enhancing the property's value, the roof was replaced in 2019, and the driveway was sealed in 2020. The property sits on a 55,900 square foot lot and offers ample parking with 50 spaces. The building is zoned B-2 and features a single story with multiple units. The asking price is $425,000, translating to $171.65 per square foot. This is a turnkey opportunity in a prime location with strong potential for future growth and return on investment. The property's APN is 1929302002.

Highlights

  • $425,000 asking price for this Algonquin, IL office condo.
  • 2,476 square feet, Class B building with 90% occupancy.
  • Multi-tenant property with 8 units, ideal for owner/user.
  • Located at 265 Stonegate Rd, Algonquin, IL 60102, in the Randall Road corridor.
  • Features include a remodeled interior, common areas, and ample parking (50 spaces).
  • Built in 2004, this single-story building sits on a 55,900 sq ft lot with B-2 zoning.

Property Details for 265 Stonegate Rd

Property type
Other office properties, Medical offices
Square Feet
2,476 SF
Class
B
Year Built
2004
Buildings
1
Stories
1
Units
8

Location Insight

City
Algonquin
County
McHenry
State
Illinois
Latitude
42.1724035449
Longitude
-88.332045861911
265 Stonegate Rd, Algonquin, Illinois

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265 Stonegate Rd
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