2450 Algonquin Rd, Lake In The Hills, IL 60156-1200

This exceptional 4,566 square foot freestanding commercial building is located at a high-traffic intersection in McHenry County, Illinois, boasting a combined daily traffic count of 71,100 vehicles. Situated on a 0.59-acre lot at 2450 W Algonquin Rd (Route 62) in Lake in the Hills, IL 60156, this single-story, 2004-built property features a convenient Pace bus stop directly in front. Previously a Bank of America branch, the building offers a unique opportunity for a variety of retail uses. The existing covered drive-thru area presents potential for additional parking or repurposing as a fast-food drive-thru. The building's limited access makes it ideal for a destination retailer. The secure vault remains intact, presenting an added advantage for specific businesses. An August 29, 2023 MAI appraisal is available for review. The property is zoned B3 and benefits from the seller being McHenry County, resulting in no current real estate taxes. SBA financing is available with a low 10% down payment. This property presents a compelling investment opportunity in a thriving location. The APN is 19-29-151-034. The asking price is $1,280,000, translating to $280.33 per square foot. The property is currently vacant.