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S Randall Rd Algonquin, IL

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For Sale
$6,800,000

20 acres approved for 325 apartment units in Algonquin.

Lot size:
20.00 Acres

Property Features for S Randall Rd

General Information

Lot size
20.00 Acres

Source: CBRE | Oak Brook Agent Matthew Ishikawa

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


Overview

Land Approved for Apartment Units

This property features approximately 20 acres of land approved for the development of 325 apartment units. Millbrook Drive has been recently completed and extended to Harnish Drive, with dedication to Algonquin. The buyer is responsible for extending Becky Lynn Lane, estimated to be 550 linear feet, and for their own Storm Water System installation and maintenance. However, detention is already rough graded. Utilities are available to the site, with detention located off-site. The property is situated west of the Algonquin Commons Shopping Center and is in close proximity to retail, dining, and entertainment options along the Randall Road Corridor. Traffic counts indicate 43,700 vehicles per day on Randall Road.
Location Intelligence

Current Use by Public Records

Residential land & home ...

Map

City
Algonquin
County
McHenry
State
Illinois
Longitude
-88.3287896
Latitude
42.1895773

FAQs

What type of property is this?
Land - 20 acres approved for 325 apartment units in Algonquin.
Where is this land located?
The property is located at S Randall Rd Algonquin, IL.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: - Approved for 325 apartment units.; - Boasting ±20 acres of land.; - Millbrook Drive recently completed and extended to Harnish Drive.
More about this property
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