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    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

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    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
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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
    1188 Algonquin Rd Algonquin, IL 60102
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