1659 Algonquin Rd, Algonquin, IL 60102
This exceptional property, encompassing 3 to 49 acres, presents a remarkable opportunity for diverse development projects. Located at 1659 E Algonquin Rd, Algonquin, IL 60102, in McHenry County, this infill site offers unparalleled potential. Its zoning allows for a wide range of uses, including townhomes, duplexes, single-family homes, multi-family residential buildings, apartments, senior housing (independent living, assisted living, memory care, and nursing homes), and various commercial ventures. The property's versatility makes it an attractive investment for developers seeking to capitalize on the growing demand for housing and commercial space in the area. The site's proximity to key transportation arteries further enhances its appeal. Approximately one mile south on Sandbloom Road, the Longmeadow Parkway (currently under construction) will provide convenient access to Randall Road (west) and Route 62 (east), significantly improving connectivity and accessibility. The seller is open to considering the sale of a portion of the property, offering flexibility for developers with varying project scopes. This development-ready land is poised for immediate action, presenting a unique chance to create a thriving community or commercial hub. The property is ready for development and offers significant potential for substantial returns.
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.