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1437-1457 Merchant Dr - Bldg B 1,339 - 1,860 SF Office Condo Units Offered at $239,965 - $356,704 CAD Per Unit in Algonquin, IL 60102
Executive Summary
Turn-key medical testing center now available for lease, located in the Briarwood Office center just off of County Line Road in Algonquin (across from Algonquin Commons). Strategically located within 5.3 to 12.0 miles of 3 hospitals and 6 medical clinics. This is a major service area for Advocate Sherman and Centegra Healthcare. McHenry County is home to more than 300,000 residents.
3 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 10.25% |
| Sale Status | Under Contract |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 10.25% |
Description
Attention Investors: High end income producing medical condos available for sale and currently producing a 10.25% return. These are arm chair investments with an owner’s association responsible for all exterior maintenance, Common Area, Roof & Structure. Put your money to work, while you sleep.
| Sale Type | Investment |
| Sale Type | Investment |
| Sale Type | Investment |
| Sale Type | Investment |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1447 | 1,860 SF | Office | $356,704 CAD ($191.78 CAD/SF) | $36,553.55 CAD |
| Unit 1449 | 1,339 SF | Office | $239,965 CAD ($179.21 CAD/SF) | - |
| Unit 1455 | 1,573 SF | Office | $275,842 CAD ($175.36 CAD/SF) | - |
Unit 1447
| Unit Size |
| 1,860 SF |
| Condo Use |
| Office |
| Price |
| $356,704 CAD ($191.78 CAD/SF) |
| NOI |
| $36,553.55 CAD |
Unit 1449
| Unit Size |
| 1,339 SF |
| Condo Use |
| Office |
| Price |
| $239,965 CAD ($179.21 CAD/SF) |
| NOI |
| - |
Unit 1455
| Unit Size |
| 1,573 SF |
| Condo Use |
| Office |
| Price |
| $275,842 CAD ($175.36 CAD/SF) |
| NOI |
| - |
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Unit 1447
| Unit Size | 1,860 SF |
| Condo Use | Office |
| Price | $356,704 CAD ($191.78 CAD/SF) |
| NOI | $36,553.55 CAD |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 10.25% |
| Description | |
| Attention Investors: High end income producing medical condos available for sale and currently producing a 10.25% return. These are arm chair investments with an owner’s association responsible for all exterior maintenance, Common Area, Roof & Structure. Put your money to work, while you sleep.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
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Street View
Street
Map
Unit 1449
| Unit Size | 1,339 SF |
| Condo Use | Office |
| Price | $239,965 CAD ($179.21 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
1 of 0
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 1455
| Unit Size | 1,573 SF |
| Condo Use | Office |
| Price | $275,842 CAD ($175.36 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 21,550 SF | Typical Floor Size | 21,550 SF |
| Property Type | Office | Year Built | 2004 |
| Property Subtype | Medical | Lot Size | 1.82 AC |
| Building Class | B | Parking Ratio | 3.71/1,000 SF |
| Floors | 1 | ||
| Zoning | B2- PUD, Algonquin | ||
| Total Building Size | 21,550 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 21,550 SF |
| Year Built | 2004 |
| Lot Size | 1.82 AC |
| Parking Ratio | 3.71/1,000 SF |
| Zoning | B2- PUD, Algonquin |
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
50/100
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1437-1457 Merchant Dr - Bldg B
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