2202-2230 W Algonquin Rd
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2202-2230 W Algonquin Rd
26,561 SF 79% Leased Retail Building Rolling Meadows, IL 60008 £3,752,547 (£141/SF) 7.84% Net Initial Yield
Investment Highlights
- 7.84% CAP RATE
- Heavily trafficked on Algonquin Rd and close proximity to nearby highways.
- Heavy foot traffic.
- Long term internet resistant tenants within shopping center
Executive Summary
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.
Data Room Click Here to Access
- Market Information
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
26,561 SF
Building Class
B
Year Built
1966
Price
£3,752,547
Price Per SF
£141
Net Initial Yield
7.84%
NOI
£294,351
Percent Leased
79%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.27
Land Acres
2.29 AC
Parking
100 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
593 ft on Algonquin Rd
Amenities
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
cam/tax $6 sf
- 2214-3
- 2,087 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 2214-2nd FL | 864-3,600 SF | Retail | In-Line | Now |
| 2214-3 | 2,087 SF | Retail | In-Line | Now |
2214-2nd FL
| Size |
| 864-3,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2214-3
| Size |
| 2,087 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2214-2nd FL
| Size | 864-3,600 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
cam/tax $6 sf
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 08-08-208-003-0000 | Improvements Assessment | £354,751 |
| Land Assessment | £248,113 | Total Assessment | £602,864 |
PROPERTY TAXES
Parcel Number
08-08-208-003-0000
Land Assessment
£248,113
Improvements Assessment
£354,751
Total Assessment
£602,864
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Jairaj (Jay) Bhatia -
Century 21 Langos & Christian
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2202-2230 W Algonquin Rd
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