REDEVELOPMENT OPPORTUNITY - ALGONQUIN GALLERIA - 1515 -1565 S. Randall Road
$12,900,000
1515-1565 South Randall Road, Lake in the Hills, IL 60102
900,008
NOI
71,357 sqft
Building Size
Details:
Highlights:
- Outstanding redevelopment opportunity!
- Possible expansion opportunity
- Potential conversion to an outlot
- Priced below new construction costs
- Affluent trade area
Description:
• Outstanding redevelopment opportunity!
• Assumable CMBS Debt
• Pad site available - potential conversion to an outlot
• Priced below new construction costs
• Existing 30,078 SF anchor tenant, Martejo Discount, will vacate
• Talk to broker about possible expansion opportunity
• Current tenants - La-Z-Boy, Potbelly’s, Athletico, Hassless Matress, Fox River Spa, Baird & Warner & Martejo Discount
• Prime location at Randall & County Line Rds, situated within 2,000,000 SF retail node
• Located across the street from Algonquin Commons, a premier 600,000 SF lifestyle center, anchored by Trader Joe’s, Nordstrom Rack, Dick’s Sporting Goods, Barnes & Noble & Fresh Market
• Affluent trade area with average household income of $111,529 within 3 mile radius
• Average traffic counts of 43,000 VPD
• Fitness use will require conditional use permit
For more information, please sign the enclosed Confidentiality Agreement to receive our full offering package.
Documents:
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Algonquin_-_Galleria_-_SALE_abridged.pdf
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Location
Gallery
