Property profile

1659 Algonquin Rd Algonquin, IL 60102

OFF-MARKET
Land
3 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 3 ac (130,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1659 Algonquin Rd Algonquin, IL 60102
Algonquin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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