1700-1776 W Algonquin Rd Shopping Center

The property located at 1700 - 1776 W Algonquin Rd encompasses a total area of approximately 22,910 square feet, with 17,325 square feet dedicated to retail and 5,858 square feet allocated for office use, all situated on a plot of 2.69 acres. Currently, 74.43% of the space is occupied by eleven tenants across its two stories. The asset also boasts 150 parking spots and benefits from exceptional visibility. This sale presents an attractive value-add proposition for prospective buyers. Nestled in the sought-after Schaumburg region of northwest Chicago, this property enjoys excellent accessibility due to its close vicinity to major roads and highways. This strategic location positions the property as an ideal candidate for sustained growth and the potential to secure a stable tenant base for the long term.
Value-Add Opportunity- 25.57% vacancy offers a quick opportunity to add value and improve returns.
Diversified Tenant Mix - The property has a mix of traditional retail tenants and small, client-facing office users. Allowing the owner to benefit from diversified risk in a single asset.
Landlord Termination Rights - Offering swift termination options to enable a purchaser the chance to seize emerging market opportunities cost-effectively, ensuring that investments remain aligned with investment expectations.