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    OFF-MARKET
    Land

    0 Randall Rd, Algonquin, IL 60102

    4.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4.75-acre commercial land parcel presents a rare development opportunity in Algonquin, Illinois. Located on Randall Road, the property boasts approximately 360 feet of frontage, offering significant visibility and accessibility. Zoned for residential use, this site presents substantial potential for various commercial developments, capitalizing on its strategic location just south of the established Algonquin Commons retail and office complex. The asking price is $1,650,000, translating to a land value of $7.97 per square foot. Utilities are readily available near or at the site. The property's APN is 03-08-100-020, and it's situated in McHenry County, Illinois, with a 60102 zip code. Annual property taxes are $12,009.40. This is one of the last remaining approximately 5-acre sites in this highly desirable area, making it an exceptional investment opportunity for developers seeking a prime location in the Northwest Chicago suburbs. The property's size and location offer significant advantages for a variety of commercial projects. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 4.75 ac (206,910 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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