This exceptional 1.77-acre commercial land outlot presents a prime investment opportunity in Algonquin, Illinois. Strategically located at the intersection of heavily trafficked Randall Road and Harnish Drive, this property boasts excellent visibility and accessibility. The outlot benefits from its proximity to a significant 400,000 square foot power center, providing strong shadow anchor tenancy and drawing substantial consumer traffic. Algonquin Commons Lifestyle Center is also conveniently located nearby, further enhancing the property's desirability and potential for high foot traffic. Situated in McHenry County, at 764 S Randall Rd, Algonquin, IL 60102 (42.163959, -88.336253), this parcel offers unparalleled access to a thriving retail corridor. The Village of Algonquin is known for its supportive business environment, high quality of life, and fiscally responsible local government, making it an attractive location for businesses and investors alike. This is an exceptional opportunity to acquire a well-positioned commercial land parcel in a dynamic and growing community. The property's size and location make it suitable for a variety of commercial developments, offering significant potential for future growth and return on investment. Serious inquiries are encouraged.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$15,538,363
Hospitality
$14,233,057
Educational
$11,841,737
Medical
$12,248,992
Retail
$18,420,480
Location Insight
City
Algonquin
County
Mchenry
State
Illinois
Latitude
42.164
Longitude
-88.3363
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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