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

    Sec Randall Rd And Longmeadow Pkwy Algonquin, IL 60102

    For Sale
    $1,650,000

    Prime 4.75-acre shopping center land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4.75-acre development site presents a rare opportunity in Algonquin, Illinois. Located at the intersection of Randall Road and Longmeadow Parkway, this property boasts a highly desirable location, situated just a half-mile south of the established Algonquin Commons shopping center. The site is zoned for retail development and represents one of the last remaining parcels of this size in the immediate area, making it an ideal investment for developers seeking a prime location with significant growth potential. The asking price is $1,650,000. The property's strategic position on Randall Road, a major thoroughfare, ensures high visibility and accessibility for any future development. This location offers excellent exposure to a substantial consumer base, making it an attractive proposition for a variety of retail uses. The land is ready for development, presenting a streamlined path to realizing a profitable retail venture. Serious inquiries are encouraged. The property is classified as both retail and land, and is specifically designated as a shopping center and development site. The zip code is 60102, and the property is located in Kane County. The motivated ownership is eager to finalize a sale.

    Property Features for 0 Sec Randall Rd And Longmeadow Pkwy

    General Information

    Property type
    Lifestyle centers
    Lot Size
    206,910 SF

    HighLights

    • 4.75‑acre development site in Algonquin, IL.
    • Prime location at Randall Road & Longmeadow Parkway, near Algonquin Commons.
    • Zoned for retail, one of the last large parcels available.
    • $1,650,000 asking price.
    • Ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Algonquin
    County
    Kane
    State
    Illinois
    Longitude
    -88.3356848
    Latitude
    42.1397994

    Nearby Similar for Sale

    • $160,000
      1,001 SF

      Algonquin Office Condo For Sale

      Professional office condo with existing lease in Algonquin, Illinois.
      280 Stonegate Rd, 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

      Longtime restaurant with liquor license, gaming, and outdoor dining.
      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

    FAQs

    What type of property is this?
    Lifestyle center - Prime 4.75-acre shopping center land
    Where is this lifestyle center located?
    The property is located at Sec Randall Rd And Longmeadow Pkwy Algonquin, IL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: 4.75-acre development site in Algonquin, IL.; Prime location at Randall Road & Longmeadow Parkway, near Algonquin Commons.; Zoned for retail, one of the last large parcels available.
    Request Owner's contact information
    Sec Randall Rd And Longmeadow Pkwy 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.
    Sec Randall Rd And Longmeadow Pkwy
    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
    Sec Randall Rd And Longmeadow Pkwy 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.