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Pad #3 Algonquin Pad Site Development 3 2,900 SF of Retail Space Available in Algonquin, IL 60102
Highlights
- Positioned along Randall Road with 41,400 daily vehicles
- Located in front of 330 planned residential units
- High-income trade area with $144K average household income
- Pad-ready sites support drive-thru and freestanding formats
- Near The Enclave’s 487-unit community and new restaurants
- Multiple access points for optimal traffic flow and visibility
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,900 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
The Algonquin Pad Site Development presents a compelling opportunity to lease prime retail space in one of McHenry County’s most active commercial corridors. Located at the signalized intersection of Randall Road and Harnish Drive in Algonquin, Illinois, this ±17-acre development is ideally positioned to serve the growing residential and commercial population. The site features multiple pad opportunities for grocery, medical, restaurant, and retail tenants, with configurations that support both freestanding and multi-tenant buildings. Several pads are designed to accommodate drive-thru operations, making them ideal for quick-service restaurants and convenience-focused retailers. The property benefits from multiple access points along Randall Road, which sees a robust traffic count of 41,400 vehicles per day. Situated directly in front of a planned 330-unit multifamily development and just north of The Enclave, which includes 487 new residential units and several new restaurants, the site is surrounded by a vibrant and expanding community. The area boasts strong demographics, with an average household income of $144,605 within a 3-mile radius and a daytime population of nearly 44,000. This development is strategically located near major retailers and lifestyle centers such as Algonquin Galleria, Oakridge Court, and Woods Creek Commons, enhancing its appeal to national and regional tenants seeking visibility and proximity to established retail anchors.
- Space is an outparcel at this property
- Space is in Excellent Condition
- Drive Thru
- High visibility
- Strong multi-family Prescence
- Drive Thru
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,900 SF | Gross Leasable Area | 2,900 SF |
| Property Type | Retail | Year Built | 2028 |
| Property Subtype | Retail | Construction Status | Proposed |
| Total Space Available | 2,900 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Leasable Area | 2,900 SF |
| Year Built | 2028 |
| Construction Status | Proposed |
Features and Amenities
- Drive Thru
Nearby Major Retailers
Contacts
-
Campbell Wickland -
Elizabeth Sweeney -
Dick Spinell -
Mid-America Real Estate Corp.
Presented by
Pad #3 | Algonquin Pad Site Development 3
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