764 Randall RdAlgonquin, IL 60102

  • Commercial real estate
  • 1.73 AC

Property Details for 764 Randall Rd

Lot size
1.73 AC
Property type
Commercial real estate
APN
19-31-227-021
APU
1931227021

Description

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

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
$37,935
$408,994
-
$408,994
-
$1,226,982
-
$1,226,982

FAQs

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