Algonquin Rd At Sq Barn Rd Algonquin, IL 60102
- Land
Current Use by Public Records
- Land
Property Details for 0 Algonquin Rd At Sq Barn Rd
- Property type
- Land
Description
This exceptional 1.04-acre commercial land parcel, located in Algonquin, Illinois (60102), presents a remarkable investment opportunity. Situated at the highly visible intersection of Algonquin Road and Square Barn Road, this property boasts 153 feet of frontage on Algonquin Road, a major thoroughfare with a daily traffic count of 24,000 vehicles. The site is shadow-anchored by a newly opened Dunkin' and a Walgreens, ensuring high visibility and foot traffic. Zoned B2-PUD, the property is well-suited for a variety of commercial uses, including restaurants, daycare centers, and convenience retail establishments. All utilities are available on-site, and off-site detention is in place, simplifying development. The property's strategic location offers excellent access and benefits from strong demographics, with a dense residential population nearby, including ten public schools and three golf courses within a 2.5-mile radius. The asking price is $1,137,975, representing a land value of $25 per square foot. The lot size is 45,519 square feet, and the APN is 18-25-301-059. This prime location, coupled with its convenient access and strong surrounding community, makes this an exceptional opportunity for investors seeking high-return potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- Kane/McHenry
- State
- Illinois
- Longitude
- -88.369
- Latitude
- 42.1757
