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    1 Sherman Rd Algonquin, IL 60102

    Sponsored
    For Sale
    $1,900,000

    Exceptional Algonquin land, ideal for commercial development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 6.12-acre parcel in Algonquin, Illinois (60102), located at 1 Sherman Rd, presents a remarkable opportunity for commercial development. Zoned B-2 PUD, this strategically positioned property boasts excellent visibility and accessibility, situated between prominent landmarks including the Holiday Inn, Syrup, Jacobs High School, and the Woodscreek Shopping Center (anchored by Target, Kohl's, and Petco). The surrounding area is a thriving hub of commercial activity, businesses, schools, medical facilities, and golf courses, ensuring a strong daytime and evening demographic. This site's demographics are particularly well-suited for retail, office, and medical uses. The potential for assisted living or senior housing is also significant. The property's location along the Randall Road/Algonquin Road corridor provides exceptional exposure and convenient access for potential tenants and customers. This is a rare opportunity to acquire a substantial land parcel in a high-growth area with significant development potential. The property's size and zoning offer considerable flexibility for a variety of commercial projects. Serious inquiries are encouraged.

    Property Features for 1 Sherman Rd

    General Information

    Property type
    Land
    Lot Size
    266,587 SF

    HighLights

    • $1,900,000 asking price.
    • 6.12‑acre land parcel.
    • Located in Algonquin, IL, at 1 Sherman Rd, zip code 60102.
    • B‑2 PUD zoning.
    • Excellent location near major roadways, schools, and commercial centers including Holiday Inn, Target, and Kohl's.
    • Suitable for retail, office, medical, or senior housing development.
    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
    -88.3374422
    Latitude
    42.1647868

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    FAQs

    What type of property is this?
    Land - Exceptional Algonquin land, ideal for commercial development.
    Where is this land located?
    The property is located at 1 Sherman Rd Algonquin, IL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price.; 6.12-acre land parcel.; Located in Algonquin, IL, at 1 Sherman Rd, zip code 60102.
    Request Owner's contact information
    1 Sherman Rd 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
    1 Sherman Rd Algonquin, IL 60102
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