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    1659 Algonquin Rd Algonquin, IL 60102

    Sponsored
    For Sale
    Contact for pricing

    Prime development land, multiple uses, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional property, encompassing 3 to 49 acres, presents a remarkable opportunity for diverse development projects. Located at 1659 E Algonquin Rd, Algonquin, IL 60102, in McHenry County, this infill site offers unparalleled potential. Its zoning allows for a wide range of uses, including townhomes, duplexes, single-family homes, multi-family residential buildings, apartments, senior housing (independent living, assisted living, memory care, and nursing homes), and various commercial ventures. The property's versatility makes it an attractive investment for developers seeking to capitalize on the growing demand for housing and commercial space in the area. The site's proximity to key transportation arteries further enhances its appeal. Approximately one mile south on Sandbloom Road, the Longmeadow Parkway (currently under construction) will provide convenient access to Randall Road (west) and Route 62 (east), significantly improving connectivity and accessibility. The seller is open to considering the sale of a portion of the property, offering flexibility for developers with varying project scopes. This development-ready land is poised for immediate action, presenting a unique chance to create a thriving community or commercial hub. The property is ready for development and offers significant potential for substantial returns.

    Property Features for 1659 Algonquin Rd

    General Information

    Property type
    Farms
    Lot Size
    130,680 SF

    HighLights

    • Exceptional 3‑49 acre development site in Algonquin, IL.
    • Located at 1659 E Algonquin Rd, McHenry County.
    • Zoned for diverse uses including residential (single‑family, multi‑family, senior housing) and commercial development.
    • Excellent location near key transportation arteries, with proximity to the future Longmeadow Parkway improving access.
    • Seller will consider partial sales.
    • Development‑ready land with high return potential.
    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
    -88.274032885428
    Latitude
    42.15780850197

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    FAQs

    What type of property is this?
    Farm - Prime development land, multiple uses, ideal location.
    Where is this farm located?
    The property is located at 1659 Algonquin Rd Algonquin, IL.
    What are key features of this property?
    This property features: Exceptional 3-49 acre development site in Algonquin, IL.; Located at 1659 E Algonquin Rd, McHenry County.; Zoned for diverse uses including residential (single-family, multi-family, senior housing) and commercial development.
    Request Owner's contact information
    1659 Algonquin Rd Algonquin, IL 60102
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    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
    1659 Algonquin Rd Algonquin, IL 60102
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