2250 Algonquin RdLake in the Hills, IL 60156

Property Details for 2250 Algonquin Rd

Lot size

5.47 AC

Property type

Commercial real estate

APN

19-29-180-019

APU

1929180019

Description

This exceptional 28,564 square foot medical office building, located at 2250 W Algonquin Rd, Lake in the Hills, IL 60156, presents a unique investment opportunity. Currently vacant, this Class B building offers significant potential for repurposing, given the high cost of new construction. Strategically situated amidst a thriving housing development boom in McHenry County, this property enjoys a prime location. The single-story structure features exceptional architecture and engineering, complemented by a high-quality HVAC system already in place. Each suite benefits from a private entrance, enhancing tenant appeal and flexibility. Ample parking is provided with a generous ratio of 7 spaces per 1,000 square feet. The asking price is $2,950,000, translating to $103.28 per square foot. The property is offered with a NNN lease type and is suitable for multi-tenant occupancy. This presents a rare chance to acquire a well-built, strategically located asset in a rapidly growing market, ideal for redevelopment or immediate occupancy by a single large tenant. The property's existing infrastructure and design flexibility make it an attractive option for various medical or executive office uses. Don't miss this chance to capitalize on the current market conditions and secure a valuable asset in a high-demand area.

• Alternative Use

  Use

  Valuation

  Residential

  $49,244,808

  Hospitality

  $45,107,980

  Educational

  $37,529,308

  Medical

  $38,820,000

  Retail

  $58,378,928

Location Insight

City

Lake In The Hills

County

Mchenry

State

Illinois

Latitude

42.1767

Longitude

-88.3296

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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