www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27870345
27870346

1409-1419 Commerce Dr, Algonquin, IL 60102

PF
IL 475118789
Matthews
HW
IL 475208034
Matthews
Listed by Matthews
$1,150,000
220 days on market
Updated 118 days ago

County Line Center

Details
APN 19-32-351-010
Property Type Retail
Sub Type Shopping Center
Square Footage 6,020
Units 9
Cap Rate 8.73%
NOI $100,424
Occupancy 90.27%
Tenancy Multi
Price per SqFt $191
Year Built 2008
Stories 1
Acreage 0.590
Parking Spaces 24 spaces
Parking Per SqFt 3.99

Retail | 8.73% CAP | 6,020 SqFt

Investment 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.

Listing Contacts

PF
IL 475118789
Matthews
HW
IL 475208034
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,424.00
$8,368.67/mo

Valuation Metrics

0
DSCR
8.73%
Cap Rate
8.73%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Matthew M. Fitzgerald
License
478027547 (IL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
866.889.0550
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
Name
Patrick Forkin
License
475118789
Brokerage
Matthews Real Estate
Title
Real Estate Broker
Name
Hogan Wierda
License
475208034
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591