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    600 Algonquin Rd Algonquin, IL 60102

    Sponsored
    For Sale
    $415,000

    2.2-acre commercial lot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.2-acre commercial land parcel presents a prime investment opportunity in Algonquin, Illinois. Located at 600 E Algonquin Rd (Route 62), this B1-zoned property boasts 229 feet of frontage on a high-traffic road, averaging 37,700 vehicles daily. Its strategic corner location offers excellent visibility and accessibility. The property is adjacent to a busy McDonald's, benefiting from a cross-access agreement to a traffic light, ensuring convenient ingress and egress. The APN is 19-34-204-008. The sale is contingent upon court review and approval. The seller will be responsible for any recapture fees. This property's ideal location, combined with its substantial size and high traffic counts, makes it an attractive prospect for a variety of commercial ventures. The property is situated in McHenry County, Illinois, with a zip code of 60102. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area. Serious inquiries only.

    Property Features for 600 Algonquin Rd

    General Information

    Property type
    Land
    Lot Size
    95,832 SF

    HighLights

    • 2.2‑acre commercial land parcel in Algonquin, IL.
    • B1 zoning, 229' of frontage on high‑traffic Route 62 (37,700 VPD).
    • Corner lot with excellent visibility and accessibility, adjacent to McDonald's with cross‑access agreement.
    • APN 19‑34‑204‑008; Sale contingent upon court approval; Seller responsible for recapture fees.
    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
    -88.2833187
    Latitude
    42.1636974

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    FAQs

    What type of property is this?
    Land - 2.2-acre commercial lot, high traffic.
    Where is this land located?
    The property is located at 600 Algonquin Rd Algonquin, IL.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: 2.2-acre commercial land parcel in Algonquin, IL.; B1 zoning, 229' of frontage on high-traffic Route 62 (37,700 VPD).; Corner lot with excellent visibility and accessibility, adjacent to McDonald's with cross-access agreement.
    Request Owner's contact information
    600 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
    600 Algonquin Rd Algonquin, IL 60102
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