2450 Algonquin Rd Lake In The Hills, IL 60156-1200
Property profile & analytics
2450 Algonquin Rd Lake In The Hills, IL 60156-1200
- Commercial real estate
- 0.55 lot acres
Property ID
US28-4908992
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.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 2450 Algonquin Rd
- Lot size
- 0.55 lot acres
- Property type
- Commercial real estate
- APN
- 19-29-151-034
- APU
- 1929151034
Description
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.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lake In The Hills
- County
- Mchenry
- State
- Illinois
- Longitude
- -88.3348
- Latitude
- 42.1761
- 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
$41,692
$222,075
$220,685
$442,760
-
$666,225
$662,055
$1,328,280
