0 Sec Randall Rd And Longmeadow Pkwy Algonquin, IL 60102
This exceptional 4.75-acre development site presents a rare opportunity in Algonquin, Illinois. Located at the intersection of Randall Road and Longmeadow Parkway, this property boasts a highly desirable location, situated just a half-mile south of the established Algonquin Commons shopping center. The site is zoned for retail development and represents one of the last remaining parcels of this size in the immediate area, making it an ideal investment for developers seeking a prime location with significant growth potential. The asking price is $1,650,000. The property's strategic position on Randall Road, a major thoroughfare, ensures high visibility and accessibility for any future development. This location offers excellent exposure to a substantial consumer base, making it an attractive proposition for a variety of retail uses. The land is ready for development, presenting a streamlined path to realizing a profitable retail venture. Serious inquiries are encouraged. The property is classified as both retail and land, and is specifically designated as a shopping center and development site. The zip code is 60102, and the property is located in Kane County. The motivated ownership is eager to finalize a sale.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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