Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2040 Algonquin Rd Algonquin, IL 60102-9631

    • Commercial real estate
    • 1.13 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Location Intelligence
    Property ID
    US28-2690298
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2040 Algonquin Rd

    Lot size
    1.13 lot acres
    Property type
    Commercial real estate
    APN
    19-35-400-013
    APU
    1935400013

    Description

    This exceptional 10,900-square-foot warehouse, located at 2040 E Algonquin Rd in Algonquin, Illinois, presents a significant leasing opportunity. Situated on a 1.17-acre lot, this single-tenant property offers ample space for a variety of industrial or retail uses. Built in 1988, the building is currently vacant, providing immediate occupancy for a new tenant. The property boasts 17 parking spaces, ensuring convenient access for employees and customers. The zoning designation is B-1, allowing for a range of commercial activities. This prime location in McHenry County, Illinois, offers easy access to major transportation routes, making it an ideal choice for businesses seeking efficient logistics and distribution capabilities. The property's spacious layout and convenient amenities make it an attractive option for companies seeking to establish or expand their operations in a thriving commercial area. The address is 2040 E Algonquin Rd, Algonquin, IL 60102. The property is classified as both Retail and Industrial, with a warehouse and showroom subtype.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $290,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $230,000
      Retail
      $270,000
      Mixed-Use
      $285,000
      Hospitality
      $265,000
      Educational
      $250,000
      Residential Income
      $280,000
      Energy
      $290,000
      Income-Based Land
      $285,000
      Food Service
      $265,000

    Location Insight

    • Map
    • Local Demand
    City
    Algonquin
    County
    Mchenry
    State
    Illinois
    Longitude
    -88.2658
    Latitude
    42.1562
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,745
    $151,442
    $70,650
    $222,092
    -
    $454,326
    $211,950
    $666,276

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      1659 Algonquin Rd

      Farms • 3.00 Acres
      1659 Algonquin Rd, Algonquin, IL 60102
      View Details
    • Value Estimation by Request

      702 Randall Rd

      Retail properties
      702 Randall Rd, Algonquin, IL 60102
      View Details
    • Value Estimation by Request
      0.56 Acres

      Algonquin, IL 60102

      COMMERCIAL (GENERAL) • 0.56 Acres
      Algonquin, IL 60102
      View Details
    • Value Estimation by Request

      Millbrook Dr

      COMMERCIAL (GENERAL)
      Millbrook Dr, Algonquin, IL 60102
      View Details
    • Value Estimation by Request

      240 Stonegate Rd

      COMMERCIAL (GENERAL)
      240 Stonegate Rd, Algonquin, IL 60102-5600
      View Details
    • Value Estimation by Request

      791 Randall Rd

      COMMERCIAL (GENERAL)
      791 Randall Rd, Algonquin, IL 60102-5914
      View Details

    Similar Nearby for Sale

    • $499,000
      1.76 Acres

      Algonquin Commercial Land - $499K

      1.76 Acres, B-1 Zoning, High Traffic
      900 Algonquin Rd, Algonquin, IL 60102
      View Details
    • $750,000
      7,200 SF

      Algonquin Multi-Unit Income Property

      7200 sq ft building, 1.09 acres, high income potential.
      15 Hanson Rd, Algonquin, IL 60102
      View Details
    • $415,000
      2.20 Acres

      Algonquin Commercial Land - $415K

      2.2-acre commercial lot, high traffic.
      600 Algonquin Rd, Algonquin, IL 60102
      View Details
    • $775,368
      3.56 Acres

      Algonquin Commercial Land for Sale

      3.56 Acres, High-Traffic Location
      18N961 Randall Rd, Algonquin, IL 60102
      View Details
    • $1,650,000
      4.75 Acres

      Prime Algonquin Commercial Land

      4.75 Acres, $1.65M, High Visibility
      0 Randall Rd, Algonquin, IL 60102
      View Details
    • $1,137,975

      Algonquin Commercial Land Investment

      High-traffic corner lot, ideal for retail.
      0 Algonquin Rd At Sq Barn Rd, Algonquin, IL 60102
      View Details

    Similar Nearby for Lease

    • $59 SF/Yr

      Furnished Office Space in Algonquin

      Furnished office in prime location with utilities included.
      2390 Esplanade Dr, Algonquin, IL 60102
      View Details
    • $18 SF/Yr
      10,221 SF

      Main Street Algonquin Retail Space

      Prime Retail & Office, Algonquin, IL
      1 Main St, Algonquin, IL 60102
      View Details
    • Contact for pricing
      1,364 SF

      Meijer In-Store Retail Space

      Prime Midwest retail space available.
      400 Randall Rd, Algonquin, IL 60102
      View Details
    • $11 SF/Yr
      103,266 SF

      Algonquin Retail Center Investment

      Prime Algonquin retail space available.
      1300 Algonquin Rd, Algonquin, IL 60102
      View Details
    • $39 SF/Yr

      Upscale Office Space in Algonquin

      Professional office space available in a prime Algonquin location.
      2390 Esplanade Dr, Algonquin, IL 60102
      View Details
    • $20 SF/Yr
      10,440 SF

      Prime Retail Space - Algonquin

      Former salon, high traffic location, reduced price.
      252 Randall Rd, Algonquin, IL 60102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2040 Algonquin Rd
    Algonquin, IL 60102-9631
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.