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    15 Hanson Rd Algonquin, IL 60102

    For Sale
    $750,000

    7200 sq ft building, 1.09 acres, high income potential.

    Property size:
    7,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional Algonquin property offers a unique investment opportunity. The 7,200 square foot building sits on a 1.09-acre lot and features four separate, rentable units under one roof, identified as units #15, #25, #35, and #45. Currently, two units are owner-occupied, while the remaining two generate rental income at a low rate, presenting significant upside potential. This setup allows for the possibility of operating your own business in one or two units while simultaneously leveraging the rental income from the others. Each unit boasts a 14-foot bay door and built-in lofts, providing ample space and versatility. Units #15 and #25 have undergone complete renovations, showcasing beautiful offices, kitchens, and bathrooms. The building's current configuration and the potential for increased rental income make this a highly profitable investment. The property's size and layout offer considerable flexibility for a variety of business uses and income generation strategies. This is a rare opportunity to acquire a substantial commercial property with proven income and significant growth potential in a desirable Algonquin location. The asking price is $750,000.

    Property Features for 15 Hanson Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,200 SF
    Lot Size
    47,480 SF

    Building Details

    Year Built
    1990
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Algonquin
    County
    McHenry
    State
    Illinois
    Longitude
    -88.31525
    Latitude
    42.17565

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    FAQs

    What type of property is this?
    Commercial real estate - 7200 sq ft building, 1.09 acres, high income potential.
    Where is this commercial real estate located?
    The property is located at 15 Hanson Rd Algonquin, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    (847) 426-6800
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    15 Hanson Rd Algonquin, IL 60102
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    Realmo Value Estimation

    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.

    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.

    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
    15 Hanson Rd Algonquin, IL 60102
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