451 Randall Rd
Algonquin, IL 60102
Retail Property For Sale

The subject Panera Bread is located in Algonquin, Illinois, in in McHenry and Kane counties and is a northwest suburb of Chicago, which is among the largest cities in the United States. The Panera Bread in Algonquin is located on Randall Road, one of the busiest retail corridors in the area, with numerous restaurants and shopping centers. In addition to several local retailers, surrounding national retailers include Walmart Supercenter, Super Target, Kohl’s, HomeGoods, Dick’s Sporting Goods, Men’s Wearhouse, Trader Joe’s, Office Depot, Home Depot, Costco, Dunkin Donuts, Starbucks, Petco, AMC Theater and many more. The subject property is four miles from Lake in the Hills Airport and seven miles from McHenry County College. The Randall Road corridor is a regional shopping, dining, and entertainment corridor that is home to a variety of shopping centers, including lifestyle centers, as well as stand-alone big-box stores and small retail shops. The retail corridor also extends partially into nearby Lake in the Hills and Carpentersville. In addition to serving the needs of the local western Algonquin area, the corridor also functions as a major destination retail area serving a vast region that includes most of McHenry and northern Kane Counties. The village of Algonquin is known as "The Gem of the Fox River Valley", since its downtown is nestled in the heart of Illinois' Fox River Valley. Algonquin is making the transition into a major regional hub, as it has experienced considerable suburban growth over the past 20 years. Additionally, the village continues to see considerable residential growth. The village is proud that it has managed its growth to increase the commercial tax base, build great neighborhoods, preserve its character and history, and substantially increases its recreational offerings and quality of life, making it an ideal place to live, visit and do business. Located 40 miles west of The Loop, Algonquin is part of the Chicago metropolitan statistical area (MSA), often referred to as Chicagoland, which has a population of nearly 10 million and is the third-largest MSA in the United States and the 22nd largest in the world. The city of Chicago is home to eleven Fortune 500 companies, while the rest of the metropolitan area hosts an additional 21 Fortune 500 companies. In 2014, the Chicago area had more than 50 million visitors.