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Investment Highlights

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

Executive Summary

1437-1457 Merchant Drive is a medical and professional office condominium development located in Algonquin, Illinois. The property was built in 2004 and is situated near the intersection of Randall Road and County Line Road. The development is located across from Algonquin Commons and near Advocate Sherman Hospital and other regional healthcare facilities. The property consists of individually owned office condominium units within an association-managed development that provides exterior maintenance.

3 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1449
  • 1,339 SF
  • Office/Medical
  • $154,510 ($115.39/SF)
  • -
Sale Type Investment
Sale Conditions Bulk/Portfolio Sale
Description
Medical office condominium located at 1449 Merchant Drive in Algonquin, Illinois. The unit contains 1,339 square feet within a medical office condominium development built in 2004. The property is positioned near Randall Road and County Line Road, across from Algonquin Commons and in proximity to Advocate Sherman Hospital and Northwestern Medicine McHenry Hospital (formerly Centegra). The condominium association is responsible for exterior maintenance.
Sale Notes
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.
  • Unit 1455
  • 1,573 SF
  • Office/Medical
  • $180,000 ($114.43/SF)
  • -
Sale Type Investment
Sale Conditions Bulk/Portfolio Sale
Description
Medical office condominium located at 1455 Merchant Drive in Algonquin, Illinois. The unit contains 1,573 square feet within a medical office condominium development built in 2004. The property is situated near Randall Road and County Line Road, across from Algonquin Commons and near major healthcare providers including Advocate Sherman Hospital and Northwestern Medicine McHenry Hospital. Exterior maintenance is managed through the condominium association.
Sale Notes
1455 Merchant Drive offers a medical office condominium opportunity within a professional healthcare environment in Algonquin. Positioned across from Algonquin Commons and near major medical providers, the property combines accessibility, surrounding commercial activity, and proximity to healthcare demand generators.
Constructed in 2004, the condominium includes an existing medical office buildout and is part of an association-maintained development. The property's location near Randall Road provides convenient regional access while placing occupants close to retail, dining, and service amenities. This offering may appeal to owner-users seeking a healthcare-oriented office environment or investors pursuing medical office assets in a well-established suburban market.
  • Unit 1455& 1449
  • 2,912 SF
  • Office/Medical
  • $330,000 ($113.32/SF)
  • -
Sale Type Investment or Owner User
Sale Conditions Bulk/Portfolio Sale
Description
The offering consists of two medical office condominiums located at 1449 and 1455 Merchant Drive in Algonquin, Illinois. The units total 2,912 square feet and are part of a condominium development built in 2004. The property is located across from Algonquin Commons with access to Randall Road and County Line Road and is near regional healthcare facilities. The condominium association provides exterior maintenance for the property.
Sale Notes
The portfolio offering at 1449 and 1455 Merchant Drive provides the opportunity to acquire two adjacent medical office condominiums within the same professional office development in Algonquin, Illinois. Located across from Algonquin Commons and near Advocate Sherman Hospital and other regional healthcare providers, the portfolio benefits from established medical demand drivers and convenient access to Randall Road and County Line Road.
Built in 2004, both units feature medical office buildouts and are located within a condominium association that manages exterior maintenance. Acquiring both condominiums creates operational flexibility for medical practices, healthcare groups, professional service firms, or investors seeking a larger footprint within a healthcare-focused setting. The combined offering allows for unified ownership of multiple units within the same project while benefiting from the area's established commercial and medical infrastructure.
Unit Unit Size Condo Use Price NOI
Unit 1449 1,339 SF Office/Medical $154,510 ($115.39/SF) -
Unit 1455 1,573 SF Office/Medical $180,000 ($114.43/SF) -
Unit 1455& 1449 2,912 SF Office/Medical $330,000 ($113.32/SF) -

Unit 1449

Unit Size
1,339 SF
Condo Use
Office/Medical
Price
$154,510 ($115.39/SF)
NOI
-

Unit 1455

Unit Size
1,573 SF
Condo Use
Office/Medical
Price
$180,000 ($114.43/SF)
NOI
-

Unit 1455& 1449

Unit Size
2,912 SF
Condo Use
Office/Medical
Price
$330,000 ($113.32/SF)
NOI
-

Unit 1449

Unit Size 1,339 SF
Condo Use Office/Medical
Price $154,510 ($115.39/SF)
NOI -
Sale Type Investment
Sale Conditions Bulk/Portfolio Sale
Description
Medical office condominium located at 1449 Merchant Drive in Algonquin, Illinois. The unit contains 1,339 square feet within a medical office condominium development built in 2004. The property is positioned near Randall Road and County Line Road, across from Algonquin Commons and in proximity to Advocate Sherman Hospital and Northwestern Medicine McHenry Hospital (formerly Centegra). The condominium association is responsible for exterior maintenance.</li></ul>
Sale Notes
1449 Merchant Drive presents an opportunity to acquire an established medical office condominium in one of Algonquin&#39;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.<br> 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.</li></ul>

Unit 1455

Unit Size 1,573 SF
Condo Use Office/Medical
Price $180,000 ($114.43/SF)
NOI -
Sale Type Investment
Sale Conditions Bulk/Portfolio Sale
Description
Medical office condominium located at 1455 Merchant Drive in Algonquin, Illinois. The unit contains 1,573 square feet within a medical office condominium development built in 2004. The property is situated near Randall Road and County Line Road, across from Algonquin Commons and near major healthcare providers including Advocate Sherman Hospital and Northwestern Medicine McHenry Hospital. Exterior maintenance is managed through the condominium association.</li></ul>
Sale Notes
1455 Merchant Drive offers a medical office condominium opportunity within a professional healthcare environment in Algonquin. Positioned across from Algonquin Commons and near major medical providers, the property combines accessibility, surrounding commercial activity, and proximity to healthcare demand generators.<br> Constructed in 2004, the condominium includes an existing medical office buildout and is part of an association-maintained development. The property&#39;s location near Randall Road provides convenient regional access while placing occupants close to retail, dining, and service amenities. This offering may appeal to owner-users seeking a healthcare-oriented office environment or investors pursuing medical office assets in a well-established suburban market.</li></ul>

Unit 1455& 1449

Unit Size 2,912 SF
Condo Use Office/Medical
Price $330,000 ($113.32/SF)
NOI -
Sale Type Investment or Owner User
Sale Conditions Bulk/Portfolio Sale
Description
The offering consists of two medical office condominiums located at 1449 and 1455 Merchant Drive in Algonquin, Illinois. The units total 2,912 square feet and are part of a condominium development built in 2004. The property is located across from Algonquin Commons with access to Randall Road and County Line Road and is near regional healthcare facilities. The condominium association provides exterior maintenance for the property.</li></ul>
Sale Notes
The portfolio offering at 1449 and 1455 Merchant Drive provides the opportunity to acquire two adjacent medical office condominiums within the same professional office development in Algonquin, Illinois. Located across from Algonquin Commons and near Advocate Sherman Hospital and other regional healthcare providers, the portfolio benefits from established medical demand drivers and convenient access to Randall Road and County Line Road.<br> Built in 2004, both units feature medical office buildouts and are located within a condominium association that manages exterior maintenance. Acquiring both condominiums creates operational flexibility for medical practices, healthcare groups, professional service firms, or investors seeking a larger footprint within a healthcare-focused setting. The combined offering allows for unified ownership of multiple units within the same project while benefiting from the area&#39;s established commercial and medical infrastructure.</li></ul>

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 21,550 SF
Property Type Office
Property Subtype Medical
Building Class B
Floors 1
Typical Floor Size 21,550 SF
Year Built 2004
Lot Size 1.82 AC
Parking Ratio 3.71/1,000 SF
Zoning B2- PUD, Algonquin
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
50/100
  • Listing ID: 16391548

  • Date on Market: 6/19/2019

  • Last Updated:

  • Address: 1437-1457 Merchant Dr, Algonquin, IL 60102

Contact the Sale Advisor

1437-1457 Merchant Dr - Bldg B

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