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1st Floor - Unit 1449
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Medical Office
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1,339 SF
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$154,510 USD
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Unit Size: 1,339 SF
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Condo Use: Medical Office
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Price: $154,510 USD
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Sale Type: Investment
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Price/SF: $115.39 USD
Description
Medical office condominium located at 1449 Merchant Drive in Algonquin, Illinois. The unit contains 1,339 square feet within a medical office condominium development built in 2004. The property is positioned near Randall Road and County Line Road, across from Algonquin Commons and in proximity to Advocate Sherman Hospital and Northwestern Medicine McHenry Hospital (formerly Centegra). The condominium association is responsible for exterior maintenance.
Sale Notes
1449 Merchant Drive presents an opportunity to acquire an established medical office condominium in one of Algonquin's primary commercial corridors. Located across from Algonquin Commons and near Advocate Sherman Hospital and other healthcare providers, the property benefits from a healthcare-oriented setting with convenient access to Randall Road and surrounding retail, service, and medical amenities.
Built in 2004, the condominium features an existing medical office buildout that may reduce future improvement costs for healthcare and professional office users. Ownership also benefits from a condominium association that handles exterior maintenance, allowing owners to focus on operations rather than exterior property upkeep. The location offers visibility within a well-developed commercial area and access to a large surrounding customer and patient base.
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1st Floor - Unit 1455
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Medical Office
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1,573 SF
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$180,000 USD
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Unit Size: 1,573 SF
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Condo Use: Medical Office
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Price: $180,000 USD
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Sale Type: Investment
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Price/SF: $114.43 USD
Description
Medical office condominium located at 1455 Merchant Drive in Algonquin, Illinois. The unit contains 1,573 square feet within a medical office condominium development built in 2004. The property is situated near Randall Road and County Line Road, across from Algonquin Commons and near major healthcare providers including Advocate Sherman Hospital and Northwestern Medicine McHenry Hospital. Exterior maintenance is managed through the condominium association.
Sale Notes
1455 Merchant Drive offers a medical office condominium opportunity within a professional healthcare environment in Algonquin. Positioned across from Algonquin Commons and near major medical providers, the property combines accessibility, surrounding commercial activity, and proximity to healthcare demand generators.
Constructed in 2004, the condominium includes an existing medical office buildout and is part of an association-maintained development. The property's location near Randall Road provides convenient regional access while placing occupants close to retail, dining, and service amenities. This offering may appeal to owner-users seeking a healthcare-oriented office environment or investors pursuing medical office assets in a well-established suburban market.
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1st Floor - Unit 1455& 1449
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Medical Office
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2,912 SF
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$330,000 USD
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Unit Size: 2,912 SF
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Condo Use: Medical Office
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Price: $330,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $113.32 USD
Description
The offering consists of two medical office condominiums located at 1449 and 1455 Merchant Drive in Algonquin, Illinois. The units total 2,912 square feet and are part of a condominium development built in 2004. The property is located across from Algonquin Commons with access to Randall Road and County Line Road and is near regional healthcare facilities. The condominium association provides exterior maintenance for the property.
Sale Notes
The portfolio offering at 1449 and 1455 Merchant Drive provides the opportunity to acquire two adjacent medical office condominiums within the same professional office development in Algonquin, Illinois. Located across from Algonquin Commons and near Advocate Sherman Hospital and other regional healthcare providers, the portfolio benefits from established medical demand drivers and convenient access to Randall Road and County Line Road.
Built in 2004, both units feature medical office buildouts and are located within a condominium association that manages exterior maintenance. Acquiring both condominiums creates operational flexibility for medical practices, healthcare groups, professional service firms, or investors seeking a larger footprint within a healthcare-focused setting. The combined offering allows for unified ownership of multiple units within the same project while benefiting from the area's established commercial and medical infrastructure.
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Michael Carpenter
RVG Commercial Real Estate Services
