801 Algonquin Rd.
Status Update: SOLD!
The subject property and Real Estate opportunity includes a +/- 8,000 SF Retail Building on 1.74 Acres Lot in Schaumburg, IL with pylon sign. The current retail component is leased to Escape Lounge & Sports Bar, a full-service lounge with a full-service restaurant and live entertainment. Escape Sports Bar & Lounge was newly rehabbed in 2015 with a build-out cost exceeding $750,000.00.
- Sale Price: $1,395,000
- Min Rentable SF: 8,000
- Max Rentable SF: 8,000
- Lease Price Per Sq. Ft.: $17.50
- Property Tax: $49,075
- MLS: 11188064
- P.I.N.: 02-34-300-051-0000
- Loopnet #: 23901822
- Building Type: Commercial, Investment, Retail, Land
- Number of Stories: 1
- Building Square Feet: 8,000
- Zoning: B2
Property Details
o Lease Type NNN (Triple Net)
o Located in a High-Density Area
o Excellent Traffic and Curb Appeal
o Ample Onsite Parking
o 1.75 Acres Lot
o 2 Full-Service Bars
o B-2 Zoning
o Harper College & Motorola Solutions campus nearby
o 243’ of Frontage on Algonquin Road with 2 curb cuts