Property profile

2220 Wendt St Algonquin, IL 60102

OFF-MARKET
Other industrial land
Property ID
US28-3217661
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of a fully improved, development-ready 29.07-acre site that is designed to be divisible for multiple end uses. The site can accommodate single users ranging from approximately 10,000 to 150,000 square feet, with the potential to construct up to about 425,000 square feet across four buildings. Zoning is PUD (Planned Unit Development) with included categories of BP (Business Park), ORD (Office/Research and Development), and Industrial uses. The location supports development for companies servicing businesses in North Point and Elgin’s Northwest Corporate Park, and build-to-suit configurations are compatible with the site plan (or construction may be completed with an independent builder). An additional 17.99-acre site is also part of the overall offering and is divisible.

Property profile

Verified
Property type Other industrial land
Use group INDUSTRIAL - VACANT LAND
APN 03-06-189-002
UPID US28-3217661

Cap rate & NOI

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

Location

2220 Wendt St Algonquin, IL 60102-1400
Algonquin metro Census 850105 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A

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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