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    18N961 Randall Rd Algonquin, IL 60102

    For Sale
    $775,368

    3.56 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3.56-acre commercial land parcel is ideally situated at 18N961 Randall Road in Algonquin, Illinois (60102), Kane County. The property boasts a prime location at the southeast corner of Randall Road and Longmeadow Parkway, benefiting from a high traffic volume exceeding 32,700 vehicles per day (VPD). Its B-2 zoning permits a variety of commercial uses, making it suitable for a range of developments. The land's value is $5 per square foot. The property's APN is 03-08-100-021. This strategic location is further enhanced by the proximity to the Algonquin Commons outdoor lifestyle center and the future completion of a new bridge over the Fox River on Longmeadow Parkway. This bridge project will significantly improve connectivity, creating a major thoroughfare linking Longmeadow Parkway's east corridor to Huntley Road at Randall Road, increasing traffic flow and visibility for businesses in the area. The high visibility and substantial traffic counts make this an exceptional opportunity for businesses such as gas stations, convenience stores, car washes, or other retail establishments seeking a prominent location in this thriving Kane County retail corridor. Note that an additional 4.5 acres are available immediately south of this parcel, presenting the possibility of acquiring a combined 8 acres for a larger-scale development.

    Property Features for 18N961 Randall Rd

    General Information

    Property type
    Land
    Lot Size
    155,074 SF

    HighLights

    • 3.56‑acre site
    • High‑traffic corner lot at the signalized intersection of Randall Road and Longmeadow Parkway
    • 32,700+ vehicles per day (VPD)
    • Excellent demographics
    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
    Kane
    State
    Illinois
    Longitude
    -88.2941563
    Latitude
    42.165571

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    FAQs

    What type of property is this?
    Land - 3.56 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 18N961 Randall Rd Algonquin, IL.
    What is the asking price?
    The asking price for this property is $775,368.
    What are key features of this property?
    This property features: 3.56-acre site; High-traffic corner lot at the signalized intersection of Randall Road and Longmeadow Parkway; 32,700+ vehicles per day (VPD)
    (630) 513-0173
    Request Owner's contact information
    18N961 Randall 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
    18N961 Randall Rd Algonquin, IL 60102
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