Algonquin, IL Commercial Real Estate for Lease and Sale

Explore 42 listings of Algonquin commercial real estate to find the best space for your business.

272 South Randall Road

272 South Randall Road, Algonquin, IL
Property

Industrial

10,440 SF
Availability

1 Space

1,967 SF
For Lease

$30.00/SF/YR
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Algonquin Commons

SWC Randall & County Line Road, Algonquin, IL
Property

Retail

581,417 SF
Availability

34 Spaces

137,338 SF
For Lease Contact for pricing
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600 E Algonquin Rd.

600 E Algonquin Rd., Algonquin, IL
Property

VacantLand
For Sale

$415,000
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200 Berg St

200 Berg St, Algonquin, IL
Property

Industrial

34,000 SF
Availability

1 Space

5,803 SF
Year Built

1978
For Lease

$9.00/SF/YR
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Office Retail Industrial

Land
1300-1440 E Algonquin Rd

1300-1440 E Algonquin Rd, Algonquin, IL
Property

Retail

103,266 SF
Availability

9 Spaces

57,996 SF
Year Built

1989
For Lease

$11.00 - $52.40/SF/YR
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Renew on Main | New Construction Retail Condos in Downtown Algonquin

1 N. Main Street, Algonquin, IL
Property

Retail

10,221 SF
Availability

2 Spaces

2,943 SF
Year Built

2011
For Lease

$18.00/SF/YR
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Randall Square

1460 South Randall Road, Algonquin, Geneva, IL
Property

Retail
Availability

5 Spaces

15,205 SF
For Lease Contact for pricing
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1006 - 1078 E. Algonquin Rd.

1006 - 1078 E. Algonquin Rd., Algonquin, IL
Property

Retail

18,801 SF
Availability

5 Spaces

10,575 SF
For Lease Contact for pricing
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Square Barn Commons Outlot

Algonquin Rd at Square Barn Rd, Algonquin, IL
Property

VacantLand
For Sale

$1,137,975
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1474 Merchant Dr

1474 Merchant Dr, Algonquin, IL
Property

Office

6,581 SF
Availability

1 Space

6,581 SF
For Lease

$15.00/SF/YR
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2620 Corporate Pkwy Algonquin

2620 Corporate Pkwy Algonquin, Algonquin, IL
Property

VacantLand
For Sale

Subject To Offer
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252 South Randall Road

252 South Randall Road, Algonquin, IL
Property

Retail

10,440 SF
Availability

1 Space

1,200 SF
Year Built

2001
For Lease

$22.90/SF/YR
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New 15-Yr. Strickland Brothers | Established Location with Corporate Guaranty | 129,233 Residents in Trade Area

1560 E Algonquin Rd, Algonquin, IL
Property

Other

3,300 SF
Year Built

1999
For Sale

$1,500,000
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Algonquin, IL Warehouse for Rent - #1413 | 1,000-200,000 sqft

3010 Broadsmore Drive, Algonquin, IL
Property

Industrial

200,000 SF
Availability

1 Space

1,413 SF
For Lease

$2,000.00/SF/YR
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1474 Merchant Dr

1474 Merchant Dr, Algonquin, IL
Property

Office

5,200 SF
Availability

1 Space

5,200 SF
For Lease

$15.00/SF/YR
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903 Armstrong Street

903 Armstrong Street, Algonquin, IL
Property

Industrial

34,000 SF
Availability

1 Space

11,017 SF
Year Built

1978
For Lease

$9.00/SF/YR
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Fox River Center

1201-1231 S. Main St., Algonquin, IL
Property

Retail

16,500 SF
Availability

3 Spaces

3,000 SF
For Lease

$15.00/SF/YR
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County Line Rd

County Line Rd, Algonquin, IL
Property

VacantLand
For Sale

$599,000
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1100 North Main Street (# 1134 & 1142)

1100 North Main Street (# 1134 & 1142), Signal Hill, Algonquin, IL
Property

Office

20,758 SF
Availability

2 Spaces

2,142 SF
Year Built

1998
For Lease

$14.00/SF/YR
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Meijer | In-Store Retail Space

400 South Randall Road, Algonquin, IL
Property

Retail

192,052 SF
Availability

2 Spaces

1,364 SF
Year Built

2001
For Lease Contact for pricing
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2298 County Line Road

2298 County Line Rd, Algonquin, IL
Property

Office

17,500 SF
Availability

3 Spaces

9,961 SF
Year Built

2006
For Lease

$18.00/SF/YR
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River Pointe

103 South Randall Road, Algonquin, IL
Property

Retail

166,207 SF
Availability

2 Spaces

20,400 SF
Year Built

1993
For Lease Contact for pricing
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1410 South Randall Road

1410 South Randall Road, Algonquin, IL
Property

VacantLand

195,564 SF
Availability

1 Space

61,855 SF
Year Built

2003
For Lease Contact for pricing
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Algonquin Rd & N Lakewood Rd - Lot 7

Algonquin Rd & N Lakewood Rd - Lot 7, Algonquin, IL
Property

VacantLand

1.15 Acre
For Sale Contact for pricing
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2971 W Algonquin Road

2971 W Algonquin Rd, Algonquin, IL
Property

VacantLand

1.09 Acre
For Sale

$640,985
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Algonquin Rd & N Lakewood Rd - Lot 3B

Algonquin Rd & N Lakewood Rd - Lot 3B, Algonquin, IL
Property

VacantLand

1.5 Acre
For Sale Contact for pricing
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Walmart Outlot Algonquin

1410 S Randall Rd, Algonquin, IL
Property

VacantLand

1.42 Acre
For Sale Contact for pricing
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1411 Commerce Drive

1411 Commerce Dr, Algonquin, IL
Property

Office

280 SF
Availability

1 Space

280 SF
For Lease

$600.00 - $750.00/MO
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4087 - 4089 W Algonquin Road

4087 - 4089 W Algonquin Road, Algonquin, IL
Property

Retail

8,900 SF
Availability

2 Spaces

3,200 SF
Year Built

2007
For Lease Contact for pricing
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10,900 SF Retail/Showroom Space Available for Lease in Algonquin

2040 E Algonquin Rd, Algonquin, IL
Property

Retail

10,900 SF
Availability

1 Space

10,900 SF
Year Built

1988
For Lease Contact for pricing
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The Enclave

SEC Randall Road & Corporate Parkway, Algonquin, IL
Property

VacantLand

5.54 Acre
Availability

1 Space

5.54 Acre
For Lease Contact for pricing
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Woods Creek Outlot

764 S Randall Rd, Algonquin, IL
Property

VacantLand

1.77 Acre
For Sale Contact for pricing
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Randall Crossing

SWC Randall Rd & County Line Rd , Algonquin, IL
Property

Retail

27,521 SF
Availability

2 Spaces

5,399 SF
For Lease Contact for pricing
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Algonquin Galleria

1515 South Randall Road, Algonquin, IL
Property

Retail

67,468 SF
Availability

2 Spaces

31,778 SF
Year Built

2007
For Lease

$14.00 - $28.00/SF/YR
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Algonquin Rd & N Lakewood Rd - Lot 5

Algonquin Rd & N Lakewood Rd - Lot 5, Algonquin, Lake In The Hills, IL
Property

VacantLand

1.46 Acre
For Sale Contact for pricing
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1505 S Randall Road

1505 S Randall Road, Algonquin, IL
Property

Retail

13,809 SF
Availability

1 Space

4,800 SF
For Lease

$26.00 - $30.00/SF/YR
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Algonquin Rd & N Lakewood Rd - Lot 4B

Algonquin Rd & N Lakewood Rd - Lot 4B, Algonquin, IL
Property

VacantLand

0.82 Acre
For Sale Contact for pricing
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Algonquin Rd & N Lakewood Rd - Lot 6

Algonquin Rd & N Lakewood Rd - Lot 6, Algonquin, IL
Property

VacantLand

1.02 Acre
For Sale Contact for pricing
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Algonquin Randall Plaza

2531 W Algonquin Rd, Algonquin, IL
Property

Retail

1,300 SF
Availability

1 Space

1,300 SF
For Lease Contact for pricing
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Prestwicke Plaza

3903 W Algonquin Rd, Algonquin, IL
Property

Retail

37,968 SF
Availability

2 Spaces

3,457 SF
For Lease Contact for pricing
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Algonquin Rd & N Lakewood Rd - Lot 8

Algonquin Rd & N Lakewood Rd - Lot 8, Algonquin, IL
Property

VacantLand

1.02 Acre
For Sale Contact for pricing
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2971 W Algonquin Road

2971 W Algonquin Rd, Algonquin, IL
Property

Office

8,068 SF
Availability

2 Spaces

8,068 SF
Year Built

2005
For Lease

$17.50 - $19.50/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Algonquin commercial real estate market incorporates 37,629 square feet of office space across 6 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Algonquin commercial real estate market includes 1,082,439 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Algonquin market, there is a total of 210,440 square feet of industrial property.

The listing inventory in Algonquin incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Algonquin is represented by Retail space, which accounts for 352,360 square feet of available listings. Office space available in Algonquin adds up to 30,090 square feet.

Meanwhile, most of the listings of commercial property for sale in Algonquin are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Algonquin is $17.19 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Algonquin can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Algonquin, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $32.14 per square foot. In particular, the property type commanding the highest lease rates in Algonquin was Retail space.

The average size of a commercial property in Algonquin depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Algonquin, the average size of an office property is 7,526 square feet.
Retail properties here incorporate an average of 83,265 square feet.
Industrial space in Algonquin is in buildings that are, on average 105,220 square feet in size.

Algonquin, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Algonquin currently add up to 702,752 square feet. The market offers 7 active office listing(s), which amount to 32,232 square feet and account for 23% of commercial spaces on the market. Local retail availability includes 347,143 square feet across 17 retail space(s). Industrial space for rent opportunities in Algonquin amount to 20,200 square feet across a total of 4 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	7	32,232
Retail	17	347,143
Industrial	4	20,200
Other	2	303,177

Algonquin, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Algonquin, IL?

What factors affect the price of commercial real estate in Algonquin, IL?

What is the average rent for commercial space in Algonquin, IL?

What are the best areas for commercial real estate in Algonquin, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Algonquin, IL?

Algonquin, IL Currently Available Listings

Commercial Space for Lease Breakdown

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