15 Hanson RdAlgonquin, IL 60102

Property Details for 15 Hanson Rd

Year built

1990

Lot size

1.09 AC

Property size (Sq ft)

7,200 SF

Property type

Commercial real estate

Description

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.

Location Insight

City

Algonquin

County

McHenry

State

Illinois

Latitude

42.1757

Longitude

-88.3152

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].