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    2150 E Algonquin Rd Algonquin, IL

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    For Lease
    $5,750,000

    Development site with frontage on Algonquin Road, multiple options.

    Lot size:
    9.99 Acres

    Property Features for 2150 E Algonquin Rd

    General Information

    Lot size
    9.99 Acres

    Source: @Properties | Chicago (North) Agent Dakota Nilson

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

    Overview

    Algonquin Road Development Site

    This development site on Algonquin Road offers over 800 feet of frontage. Available for build-to-suit, ground lease, or sale, the property presents multiple options and includes multiple pins. The property can be sold in pieces. Zoning is a mix of I-1 and B-2, depending on the PIN. Rezoning for apartments or condos is a possibility. A former gas station occupied one site, but all tanks have been removed, and the owner reports a clean environmental record. Utilities available to the site include cable, curb/gutter/sidewalk, electricity, gas, sewer, streets, telephone, and water. Potential uses for the property include apartment units, condos, auto dealership, auto repair, commercial, health care, hospitality, hotel, medical, mixed-use, office park, planned unit development, retail warehouse, and self-storage.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -88.3287896
    Latitude
    42.1895773

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    FAQs

    What type of property is this?
    Land - Development site with frontage on Algonquin Road, multiple options.
    Where is this land located?
    The property is located at 2150 E Algonquin Rd Algonquin, IL.
    What are key features of this property?
    This property features: - Over 800' of frontage on Algonquin Road.; - Flexible options: Build-to-suit, Ground Lease, or Sale.; - Multiple PINs and option to purchase in pieces.
    (312) 838-8873
    Request Owner's contact information
    2150 E Algonquin Rd Algonquin, IL
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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
    2150 E Algonquin Rd Algonquin, IL
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