This exceptional 2.2-acre commercial land parcel presents a prime investment opportunity in Algonquin, Illinois. Located at 600 E Algonquin Rd (Route 62), this B1-zoned property boasts 229 feet of frontage on a high-traffic road, averaging 37,700 vehicles daily. Its strategic corner location offers excellent visibility and accessibility. The property is adjacent to a busy McDonald's, benefiting from a cross-access agreement to a traffic light, ensuring convenient ingress and egress. The APN is 19-34-204-008. The sale is contingent upon court review and approval. The seller will be responsible for any recapture fees. This property's ideal location, combined with its substantial size and high traffic counts, makes it an attractive prospect for a variety of commercial ventures. The property is situated in McHenry County, Illinois, with a zip code of 60102. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area. Serious inquiries only.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$22,686,800
Hospitality
$20,780,986
Educational
$17,289,538
Medical
$17,884,150
Retail
$26,894,836
Location Insight
City
Algonquin
County
Mchenry
State
Illinois
Latitude
42.1642
Longitude
-88.2824
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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