15 Hanson Rd Algonquin, IL 60102
- Commercial real estate
- 7,200 SF
- 1.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 15 Hanson Rd
- Year built
- 1990
- Lot size
- 1.09 lot acres
- Property size
- 7,200 SF
- Property type
- Commercial real estate
Description
This exceptional Algonquin property offers a unique investment opportunity. The 7,200 square foot building sits on a 1.09-acre lot and features four separate, rentable units under one roof, identified as units #15, #25, #35, and #45. Currently, two units are owner-occupied, while the remaining two generate rental income at a low rate, presenting significant upside potential. This setup allows for the possibility of operating your own business in one or two units while simultaneously leveraging the rental income from the others. Each unit boasts a 14-foot bay door and built-in lofts, providing ample space and versatility. Units #15 and #25 have undergone complete renovations, showcasing beautiful offices, kitchens, and bathrooms. The building's current configuration and the potential for increased rental income make this a highly profitable investment. The property's size and layout offer considerable flexibility for a variety of business uses and income generation strategies. This is a rare opportunity to acquire a substantial commercial property with proven income and significant growth potential in a desirable Algonquin location. The asking price is $750,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3152
- Latitude
- 42.1757
