554-570 E Algonquin Rd
Des Plaines, IL 60016
Multi-Tenant Strip Center in Des Plaines · Retail Property For Sale

7,560 square foot, multi-tenant retail center along Algonquin Road, less than 1/2 mile north of Main West High School. There are currently two tenants in place occupying approximately 50% of the center. The property offers investors an opportunity to purchase an infill asset along heavily trafficked Algonquin Road (25,000 VPD) with the ability to add value by leasing the vacant units. The immediate area enjoys strong demographics including 110,000 people within a 3-mile radius of the property. Existing NOI is approximately $17,000. *Broker Owned. The center is located at the northwest corner of Algonquin Road and Wolf Road in Des Plaines, Illinois. Algonquin Road is a major east/west thoroughfare, with a combined traffic count of 25,000 VPD at the intersection. It is located less than ½ mile north of Maine West High School in an area with over 110,000 of population within a 3-mile radius. Retailers in the area include Sam' s Club, Kmart, Jewel-Osco, McDonald' s, Best Western, Aldi, and several others.