Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    County Line Rd Algonquin, IL 60102

    Sponsored
    For Sale
    Under Contract
    $579,000

    LAND - Algonquin, IL

    Lot size:
    3.77 Acres
    Days on Market:
    56
    Last Refresh:
    Jan 20 at 10:06 pm

    Property Features for County Line Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    1931400022
    Lot size
    3.77 Acres

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Kathleen Scanlon

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2411 [email protected]

    Listing agent Kathleen Scanlon (815) 600-3536

    Listing date Nov 26, 2025

    MLS# 12147824 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Algonquin Land For Sale

    This 3.77-acre land parcel is located between County Line Rd and Williamsburg Dr in Algonquin, Illinois. Zoned for multi-family use, the site presents an opportunity for a buyer, builder, or developer. All utilities are located nearby. The property is conveniently located near restaurants, shopping, schools, and expressways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Algonquin
    County
    McHenry
    State
    Illinois
    Longitude
    -88.343447
    Latitude
    42.154387

    Nearby Similar for Sale

    • $750,000
      0.20 Acres

      Vintage Painted Lady in Algonquin

      Historic 1893 building with versatile commercial space in downtown Algonquin.
      302 S Main St, Algonquin, IL 60102
      View Details
    • $300,000
      0.16 Acres

      Historic Algonquin Office Building For Sale

      Two-unit commercial office building in Algonquin's historic district.
      329 Jefferson St, Algonquin, IL 60102
      View Details
    • $250,000
      0.18 Acres

      Turn-Key Pizzeria in Algonquin, IL

      Fully operational Neapolitan pizzeria for sale in downtown Algonquin.
      123 S Main St, Algonquin, IL 60102
      View Details
    • $160,000
      1.09 Acres

      Professional Office Condo For Sale

      Commercial office condo in Algonquin, currently leased through 3/31/2026.
      280 Stone Gate Rd, Algonquin, IL 60102
      View Details
    • Contact for pricing
      1.45 Acres

      Cottages Near Fox River, Algonquin

      Seven unique cottages on 1.45 acres near Fox River.
      320-380 Highland Ave, Algonquin, IL 60102
      View Details
    • $409,990

      New Townhome in Algonquin Meadows

      Three-bedroom townhome with modern finishes in a planned community.
      1245 Glenmont St, Algonquin, IL 60102
      View Details
    • $4,113,000
      6,970 SF

      Freestanding Red Robin Investment Property

      NNN leased Red Robin with rental increases in Algonquin, Illinois.
      441 S Randall Rd, Algonquin, IL
      View Details
    • $450,000
      2,096 SF

      Algonquin Office Building For Sale

      2,096 SF office building in Algonquin, built in 2004.
      2200-2230 Huntington Dr N, Algonquin, IL
      View Details
    • $1,100,000

      Established Restaurant with Outdoor Dining

      Well-established 6,000 sq ft restaurant with liquor license.
      999 Confidential, Algonquin, IL 60102
      View Details
    • $349,000
      2,566 SF

      Retail Unit with Ample Parking

      2,566 SF retail unit suitable for various businesses.
      2302-2320 Esplanade Dr, Algonquin, IL
      View Details
    • $674,000
      5,400 SF

      Algonquin Flex/Industrial Space Available

      Well-maintained flex/industrial space with recent upgrades in Algonquin, IL.
      1025 W Algonquin Rd, Algonquin, IL
      View Details
    • $750,000
      7,200 SF

      Algonquin Multi-Unit Income Property

      7200 sq ft building, 1.09 acres, high income potential.
      15 Hanson Rd, Algonquin, IL 60102
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.77 acre multi-family zoned land near amenities in Algonquin, IL.
    Where is this commercial land located?
    The property is located at County Line Rd Algonquin, IL.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: - Zoned for
    (815) 553-2406
    Request Owner's contact information
    County Line Rd Algonquin, IL 60102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    County Line Rd
    Algonquin, IL 60102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    County Line Rd Algonquin, IL 60102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kathleen Scanlon
    Real Estate License ID: 475157938
    (815) 553-2406
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.