1 Sherman Rd Algonquin, IL 60102
This 6.12-acre parcel in Algonquin, Illinois (60102), located at 1 Sherman Rd, presents a remarkable opportunity for commercial development. Zoned B-2 PUD, this strategically positioned property boasts excellent visibility and accessibility, situated between prominent landmarks including the Holiday Inn, Syrup, Jacobs High School, and the Woodscreek Shopping Center (anchored by Target, Kohl's, and Petco). The surrounding area is a thriving hub of commercial activity, businesses, schools, medical facilities, and golf courses, ensuring a strong daytime and evening demographic. This site's demographics are particularly well-suited for retail, office, and medical uses. The potential for assisted living or senior housing is also significant. The property's location along the Randall Road/Algonquin Road corridor provides exceptional exposure and convenient access for potential tenants and customers. This is a rare opportunity to acquire a substantial land parcel in a high-growth area with significant development potential. The property's size and zoning offer considerable flexibility for a variety of commercial projects. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.