Matthews Logo

Navigation Menu

1409-1419 Commerce Dr, Algonquin, IL, 60102

County Line Center
$1,150,000

Key Information

Cap Rate
8.73%
$ per SF
$191
Year Built
2008
Type
Shopping Centers
Occupancy
90.27%
NOI
$100,424
Leasable Area
6,020

Highlights

Exceptional Occupancy with Diversified Tenant Base

  • The property boasts a 90.27% occupancy rate, reflecting strong tenant retention and consistent cash flow.
  • Comprising nine tenants across ±6,020 square feet, the center offers a diversified income stream, reducing reliance on any single occupant.

Strategic Location Within the Chicago MSA

  • Situated in Algonquin, IL, part of the expansive Chicago MSA, the property benefits from access to a broad and affluent customer base.
  • The center enjoys strategic positioning within a well-trafficked corridor of S Randall Road (±45,852 VPD) with proximity to major roadways, enhancing foot traffic and tenant appeal.

Robust Local Demographics Supporting Retail Demand

  • Algonquin’s 2025 population stands at approximately 30,439, with a median household income of $131,753, indicating strong consumer purchasing power.
  • The area has experienced steady population growth, with a 2.57% increase since 2020, suggesting a growing market for retail services.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203