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Commercial Lot on Algonquin Road
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900 E Algonquin Road, Algonquin, IL 60102

Zoned B-1, suitable for restaurant, office, medical, or daycare.

Property SizeContact for details
Days on Market887

Property Features for 900 E Algonquin Road

General Information

Standard status Active
Property subtype Land
Zoning B-1
Listing Agency: Resource Commercial Advisors
Listed By: Ronald Roberti · License #475.128796
Source: Crexi
Added: Apr 4, 2024 Changed: Aug 26 Last Checked: Sep 5 at 8:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Resource Commercial Advisors

Investment Insights

Based on property information with market context.

This is a level, elevated lot featuring a retaining wall along Algonquin Road and the west side of the property. Zoned B-1 Business, Limited Retail PUD, the location is suitable for a restaurant, drive-through, office, medical facility, or daycare center. The lot benefits from high traffic volume, with over 33,000 vehicles per day on Algonquin Road. Utilities are available to the site.

Key Highlights

  • High traffic location: Over 33,000 vehicles per day on Algonquin Road.
  • B‑1 Business zoning: Suitable for Restaurant, Drive through, Office, Medical, Daycare.
  • Utilities to site: Ready for development.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Garden Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Plumbing Service Barber Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby

Demographics for 60102, IL

31,959
Population
12,076
Households
2.6
Avg Household Size
42
Median Age
43%
College-Educated
95%
High-School Grad
15.8 sq mi
ZIP Area
2,023
Density / Sq Mi
$128,070
Median Household Income
$59,484
Median Earnings
$1,826
Median Rent
$320,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Zoned B-1, suitable for restaurant, office, medical, or daycare.
Where is this commercial land located?
The property is located at 900 E Algonquin Road Algonquin, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: High traffic location: Over 33,000 vehicles per day on Algonquin Road.; B‑1 Business zoning: Suitable for Restaurant, Drive through, Office, Medical, Daycare.; Utilities to site: Ready for development.
More about this property
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