For Sale
$750,000

15 Hanson Rd Algonquin, IL 60102

7200 sq ft building, 1.09 acres, high income potential.

Overview

Added:
Feb 3
Days on market:
78
This exceptional Algonquin property offers a unique investment opportunity. The 7,200 square foot building sits on a 1.09-acre lot and features four separate, rentable units under one roof, identified as units #15, #25, #35, and #45. Currently, two units are owner-occupied, while the remaining two generate rental income at a low rate, presenting significant upside potential. This setup allows for the possibility of operating your own business in one or two units while simultaneously leveraging the rental income from the others. Each unit boasts a 14-foot bay door and built-in lofts, providing ample space and versatility. Units #15 and #25 have undergone complete renovations, showcasing beautiful offices, kitchens, and bathrooms. The building's current configuration and the potential for increased rental income make this a highly profitable investment. The property's size and layout offer considerable flexibility for a variety of business uses and income generation strategies. This is a rare opportunity to acquire a substantial commercial property with proven income and significant growth potential in a desirable Algonquin location. The asking price is $750,000.

Property Details for 15 Hanson Rd

Property type
Commercial real estate
Square Feet
7,200 SF
Year Built
1990
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Algonquin
County
McHenry
State
Illinois
Latitude
42.17565
Longitude
-88.31525

FAQs

What type of property is this?
Commercial real estate - 7200 sq ft building, 1.09 acres, high income potential.
Where is the commercial real estate located?
The property is located at 15 Hanson Rd Algonquin, IL.
What is the asking price?
The asking price for this property is $750,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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15 Hanson Rd
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