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1445-1457 Merchant Dr - Bldg B 1,339 - 1,860 SF Office Condo Units Offered at $173,900 - $258,500 Per Unit in Algonquin, IL 60102
Executive Summary
Turn-key medical testing center now available for lease, located in the Briarwood Office center just off of County Line Road in Algonquin (across from Algonquin Commons). Strategically located within 5.3 to 12.0 miles of 3 hospitals and 6 medical clinics. This is a major service area for Advocate Sherman and Centegra Healthcare. McHenry County is home to more than 300,000 residents.
Property Facts
| Total Building Size | 21,550 SF | Typical Floor Size | 21,550 SF |
| Property Type | Office | Year Built | 2005 |
| Property Subtype | Medical | Lot Size | 4.49 AC |
| Building Class | B | Parking Ratio | 3.71/1,000 SF |
| Floors | 1 | ||
| Zoning | B2- PUD, Algonquin | ||
| 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 | 2005 |
| Lot Size | 4.49 AC |
| Parking Ratio | 3.71/1,000 SF |
| Zoning | B2- PUD, Algonquin |
3 Units Available
Unit 1447
| Unit Size | 1,860 SF | Sale Type | Investment |
| Price | $258,500 | Cap Rate | 10.25% |
| Price Per SF | $138.98 | NOI | $26,490 |
| Condo Use | Office |
| Unit Size | 1,860 SF |
| Price | $258,500 |
| Price Per SF | $138.98 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 10.25% |
| NOI | $26,490 |
Description
Attention Investors: High end income producing medical condos available for sale and currently producing a 10.25% return. These are arm chair investments with an owner’s association responsible for all exterior maintenance, Common Area, Roof & Structure. Put your money to work, while you sleep.
Unit 1449
| Unit Size | 1,339 SF | Condo Use | Office |
| Price | $173,900 | Sale Type | Investment |
| Price Per SF | $129.87 |
| Unit Size | 1,339 SF |
| Price | $173,900 |
| Price Per SF | $129.87 |
| Condo Use | Office |
| Sale Type | Investment |
Unit 1455
| Unit Size | 1,573 SF | Condo Use | Office |
| Price | $199,900 | Sale Type | Investment |
| Price Per SF | $127.08 |
| Unit Size | 1,573 SF |
| Price | $199,900 |
| Price Per SF | $127.08 |
| Condo Use | Office |
| Sale Type | Investment |
Presented by
1445-1457 Merchant Dr - Bldg B
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