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1500 E Algonquin Rd 6,700 SF of Retail Space Available in Algonquin, IL 60102
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,700 SF | Negotiable | $9.25 /SF/YR $0.77 /SF/MO $61,975 /YR $5,165 /MO | Triple Net (NNN) |
1st Floor
The building was originally constructed as a Goodyear Tire Automotive facility featuring 8 repair bays, a reception/office area, and exceptionally large clear span warehouse area with separate overhead door that is idea for storage or an additional work area. This building is currently equipped and ideal for any automotive operation, however, it is easily adaptable for any retail, commercial, or medical use.
- Lease rate does not include utilities, property expenses or building services
- Freestanding Building
- Ideal for Any Automotive Related Use
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 6,700 SF | Gross Leasable Area | 6,700 SF |
| Property Type | Retail | Year Built | 1992 |
| Property Subtype | Auto Repair | Parking Ratio | 3.88/1,000 SF |
| Total Space Available | 6,700 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 6,700 SF |
| Year Built | 1992 |
| Parking Ratio | 3.88/1,000 SF |
About the Property
Freestanding building with 26 car parking on Algonquin Road (Route 62) catering to the communities of Algonquin, Carpentersville, and Barrington Hills. Adjacent to the Algonquin Town Center shopping plaza, the property enjoys being shadow anchored by Jewel/Osco with signalized access to Algonquin Road. Other retailers in the area include Walgreens, Dollar Tree, Goodwill, Dunkin Donuts, and Starbucks. Freestanding monument sign and signage along Algonquin Road also available. The building was originally constructed as a Goodyear Tire Automotive facility featuring 8 repair bays, a reception/office area, and exceptionally large clear span warehouse area with separate overhead door that is idea for storage or an additional work area, private storage rooms, employee restroom in shop area, and public restroom in reception area. Overhead service doors are 9 foot wide x 12 foot high. This building is currently equipped and ideal for any automotive operation, however, it is easily adaptable for any retail, commercial, or medical use.
- Air Conditioning
Nearby Major Retailers
Presented by
Stefco Commercial Real Estate
1500 E Algonquin Rd
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