2202-2230 W Algonquin Rd - Retail FOR SALE


Rolling Meadows, IL 60008
$4,750,000 USD
847-274-7440
2202-2230 W Algonquin Rd, Rolling Meadows, IL for Sale
$4,750,000 USD
Retail - FOR SALE
1/27
null | 7.84% Cap Rate

2202-2230 W Algonquin Rd
Rolling Meadows, IL 60008


HIGHLIGHTS

  • 7.84% CAP RATE
  • Heavy foot traffic.
  • Heavily trafficked on Algonquin Rd and close proximity to nearby highways.
  • Long term internet resistant tenants within shopping center

OVERVIEW

Value-add property, located in a densely populated area. Situated on the cusp of Rolling Meadows and Arlington Heights. 1st floor is 100% leased. Received new roof this year. 1 elevator available for floors 2-3. Spaces available on 2nd-3rd floors are ideal for small offices, medical use, banquet/community room or small businesses.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

7.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

-

APN/PARCEL ID

08-08-208-003-0000

ASK ABOUT THIS PROPERTY

Jairaj (Jay) BhatiaCentury 21 Langos & ChristianMore Info
847-274-7440

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Jairaj (Jay) BhatiaCentury 21 Langos & ChristianMore Info
847-274-7440

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.