Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1188 Algonquin Rd Algonquin, IL 60102

    Sponsored
    For Sale
    $199,900

    1.04-Acre B-1 Zoned Lot, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.04-acre commercial lot presents a remarkable investment opportunity in Algonquin, Illinois. Located on East Algonquin Road, this fee-simple property boasts a prime location within the desirable Fountain Square area, benefiting from a high daily traffic count of 40,000 vehicles, ensuring significant visibility for any business development. The property is zoned B-1, allowing for a variety of commercial uses. The lot features established infrastructure, including paved parking and an upper-level row, streamlining the development process. Its remarkably low taxes further enhance its financial attractiveness. Surrounded by existing businesses and municipal facilities, this parcel offers excellent visibility and potential for immediate development. The property's 1934279012 APN number provides easy identification. This versatile lot is ready for your vision, offering a chance to build a thriving business in a thriving community. The location in McHenry County, Illinois, with a 60102 zip code, provides easy access to major transportation routes and a strong local economy. This is a rare opportunity to acquire a well-situated commercial lot at an attractive price point.

    Property Features for 1188 Algonquin Rd

    General Information

    Property type
    Land
    Lot Size
    45,302 SF

    HighLights

    • 1.04‑acre commercial lot in Algonquin, IL's desirable Fountain Square area.
    • Prime location on East Algonquin Road with 40,000 daily vehicle traffic.
    • B‑1 zoning allows for diverse commercial uses.
    • Features existing paved parking and infrastructure, minimizing development costs.
    • Low property taxes.
    • APN: 1934279012.
    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
    -88.2797294
    Latitude
    42.1639924

    Nearby Similar for Sale

    • $750,000
      0.20 Acres

      Vintage Painted Lady in Algonquin

      Historic 1893 building with versatile commercial space in downtown Algonquin.
      302 S Main St, Algonquin, IL 60102
      View Details
    • $320,000
      0.16 Acres

      Historic Algonquin Office Building For Sale

      Two-unit commercial office building in Algonquin's historic district.
      329 Jefferson St, Algonquin, IL 60102
      View Details
    • $250,000
      0.18 Acres

      Turn-Key Pizzeria in Algonquin, IL

      Fully operational Neapolitan pizzeria for sale in downtown Algonquin.
      123 S Main St, Algonquin, IL 60102
      View Details
    • $160,000
      1.09 Acres

      Professional Office Condo For Sale

      Commercial office condo in Algonquin, currently leased through 3/31/2026.
      280 Stone Gate Rd, Algonquin, IL 60102
      View Details
    • Contact for pricing
      1.45 Acres

      Cottages Near Fox River, Algonquin

      Seven unique cottages on 1.45 acres near Fox River.
      320-380 Highland Ave, Algonquin, IL 60102
      View Details
    • $409,990

      New Townhome in Algonquin Meadows

      Three-bedroom townhome with modern finishes in a planned community.
      1245 Glenmont St, Algonquin, IL 60102
      View Details
    • $4,113,000
      6,970 SF

      Freestanding Red Robin Investment Property

      NNN leased Red Robin with rental increases in Algonquin, Illinois.
      441 S Randall Rd, Algonquin, IL
      View Details
    • $450,000
      2,096 SF

      Algonquin Office Building For Sale

      2,096 SF office building in Algonquin, built in 2004.
      2200-2230 Huntington Dr N, Algonquin, IL
      View Details
    • $1,100,000

      Established Restaurant with Outdoor Dining

      Well-established 6,000 sq ft restaurant with liquor license.
      999 Confidential, Algonquin, IL 60102
      View Details
    • $349,000
      2,566 SF

      Retail Unit with Ample Parking

      2,566 SF retail unit suitable for various businesses.
      2302-2320 Esplanade Dr, Algonquin, IL
      View Details
    • $674,000
      5,400 SF

      Algonquin Flex/Industrial Space Available

      Well-maintained flex/industrial space with recent upgrades in Algonquin, IL.
      1025 W Algonquin Rd, Algonquin, IL
      View Details
    • $750,000
      7,200 SF

      Algonquin Multi-Unit Income Property

      7200 sq ft building, 1.09 acres, high income potential.
      15 Hanson Rd, Algonquin, IL 60102
      View Details

    FAQs

    What type of property is this?
    Land - 1.04-Acre B-1 Zoned Lot, High Traffic Area
    Where is this land located?
    The property is located at 1188 Algonquin Rd Algonquin, IL.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: 1.04-acre commercial lot in Algonquin, IL's desirable Fountain Square area.; Prime location on East Algonquin Road with 40,000 daily vehicle traffic.; B-1 zoning allows for diverse commercial uses.
    Request Owner's contact information
    1188 Algonquin Rd Algonquin, IL 60102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1188 Algonquin Rd
    Algonquin, IL 60102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1188 Algonquin Rd Algonquin, IL 60102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.