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    OFF-MARKET
    Land

    900 Algonquin Rd, Algonquin, IL 60102

    1.76 ac lot
    Property ID
    US28-5267383
    Property summary
    AI-generated overview

    This exceptional 1.76-acre commercial land parcel, located at 900 E Algonquin Road in Algonquin, Illinois (zip code 60102), presents a unique investment opportunity. The property, identified by APN 19-34-279-011, is zoned B-1 Business, Limited Retail PUD, offering considerable flexibility for a variety of commercial uses. The site boasts a level, elevated topography with a retaining wall along Algonquin Road and the western lot line, providing excellent visibility and accessibility. This prime location benefits from high traffic volume, exceeding 33,000 vehicles daily on Algonquin Road, ensuring significant exposure for any business. Utilities are readily available on-site, simplifying development and reducing upfront costs. Ideal uses include restaurants (with drive-through potential), office spaces, medical facilities, or daycare centers. This property represents a rare chance to acquire a well-situated, ready-to-develop commercial lot in a thriving Illinois community. The asking price is $499,000. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 1.76 ac (76,666 SF)
    UPID US28-5267383
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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