600 Algonquin RdAlgonquin, IL 60102

  • Commercial real estate
  • 2.52 AC
For Sale
$415,000 View listing

Property Details for 600 Algonquin Rd

Lot size
2.52 AC
Property type
Commercial real estate
APN
19-34-204-008
APU
1934204008

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$9,976
$107,559
-
$107,559
-
$322,677
-
$322,677

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