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    Near Randall Rd & Corp. Pkwy Algonquin, IL 60102

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    For Sale
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    Two land parcels near Algonquin Commons shopping center.

    Property size:
    7 SF
    Lot size:
    7.50 Acres

    Property Features for Near Randall Rd & Corp. Pkwy

    General Information

    Size
    7 SF
    Lot size
    7.50 Acres

    Source: Steve Madura Agent Steve Madura

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Algonquin Land Parcels Opportunity

    This location features two bank-owned land parcels that can be purchased together or separately. One parcel, Algonquin Lot 1, is 4 acres. The other, Algonquin Lot 2, is 3.5 acres, for a total of 7 acres. The site is adjacent to the popular Algonquin Commons shopping center and near national tenants such as Dick's Sporting Goods, Trader Joe's, Art Van Furniture, Hobby Lobby, Nordstrom Rack, Old Navy, Ross, and JOANN Fabrics and Crafts. Additional neighborhood tenants are located approximately a mile and a half north, including JCPenny, Target, Walmart Supercenter, Binny's Beverage Depot, Meijer, Buffalo Wild Wings, Costco Wholesale and AMC Theater. This sizable development opportunity offers a variety of potential future uses. The area has strong demographics, with a high household income and population growth.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Algonquin
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3219
    Latitude
    42.1714

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    FAQs

    What type of property is this?
    Land - Two land parcels near Algonquin Commons shopping center.
    Where is this land located?
    The property is located at Near Randall Rd & Corp. Pkwy Algonquin, IL.
    What are key features of this property?
    This property features: - Sizable development opportunity for a variety of potential future uses; - Adjacent to popular Algonquin Commons shopping center; - Strong 1-mi demographics (HHI: $120K; Pop. Growth 3.7%)
    (847) 504-2478
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    Near Randall Rd & Corp. Pkwy 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
    Near Randall Rd & Corp. Pkwy Algonquin, IL 60102
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