1188 East Algonquin Road

1188 East Algonquin Road

Algonquin, IL 60102

$249,900
Price
45,302 / 1.04
Lot Size / Acres
a view of swimming pool

Description

Prime Investment Opportunity in Vibrant Algonquin! Unlock the potential of this 1.04-acre vacant lot strategically positioned in the heart of Algonquin's Fountain Square retail and office center. Boasting an incredible daily traffic count of 35,000 vehicles (IDOT), this parcel is a canvas for your entrepreneurial dreams. Zoned B-1 for versatile possibilities! Capitalizing on its B-1 zoning, this property welcomes a diverse range of ventures, including: Brewery/Winery/Distillery: Craft your vision...Prime Investment Opportunity in Vibrant Algonquin! Unlock the potential of this 1.04-acre vacant lot strategically positioned in the heart of Algonquin's Fountain Square retail and office center. Boasting an incredible daily traffic count of 35,000 vehicles (IDOT), this parcel is a canvas for your entrepreneurial dreams. Zoned B-1 for versatile possibilities! Capitalizing on its B-1 zoning, this property welcomes a diverse range of ventures, including: Brewery/Winery/Distillery: Craft your vision with a space open to the public and retail. Business/Medical/Professional Offices: Elevate your practice in a thriving location. Retail Sales and Specialty Stores: Bring your unique offerings to a bustling market. Financially Attractive! Surprisingly low 2022 taxes at just $1,000.30, thanks to proactive negotiations by the owner, reducing them by nearly 90%! Seize this opportunity to build your dream business without breaking the bank. Ready infrastructure included! Benefit from existing paved parking, including an "upper level" row, streamlining your development process. This lot is not just empty; it's a canvas awaiting your masterpiece! Fountain Square's Hidden Gem! Surrounded by established businesses, municipal facilities, and utilities, this lot promises visibility and synergy. Don't miss out-drive by and envision your success today!
  1. Listed by Sooji Hill • Baird & Warner
  2. Listed by John Lim • Baird & Warner

Property Details for 1188 East Algonquin Road

Area
Algonquin
Township
Algonquin
Ownership
Fee Simple
Num Of Parking Spaces
0.0

Location

Listing Courtesy of Baird & Warner
Add your commute
LISTING UPDATED: 02/28/2024 06:13 AM

Property Details for 1188 East Algonquin Road

StatusActive
MLS #11941650
Days on Market193
Taxes$1,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size1.04 AC
CountyMcHenry County

Location

Listing Courtesy of Baird & Warner
Add your commute

Building Information for 1188 East Algonquin Road

Lot Size1.04 AC

Payment Calculator

$1,447 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$83

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1188 East Algonquin Road

General Information
School Information
  • Elementary School District: 300
  • High School District: 300
  • Middle Or Junior School District: 300
Location and General Information
  • Frontage Length: 172
  • Frontage Type: City Street, Easement, Public Road, Paved
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric Nearby, Gas Nearby, Water Nearby
Property/Lot Information
  • Lot Size: 1.0-1.99 Acres
  • Lot Dimensions: 172X195X256X243
  • Buildings on Land: No
  • Waterfront: No
  • General Information: None
Property and Assessments
  • Possible Use: Commercial, Office and Research, Retail, Other
  • Public Document Count: 0
  • Photos Count: 16
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Commercial
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 1188 East Algonquin Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1188 East Algonquin Road

This home is within Community Unit School District 300.
Rating
School
Type
Grades
Distance
Algonquin Lakes Elementary School
Public - K to 5
Algonquin Middle School
Public - 6 to 8
Dundee-Crown High School
Public - 9 to 12
DREAM Academy
Public - K to 5
Rating
School
Distance
Algonquin Lakes Elementary School
PublicK to 5

Algonquin Middle School
Public6 to 8

Dundee-Crown High School
Public9 to 12

DREAM Academy
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1188 East Algonquin Road, Algonquin, IL 60102

1188 East Algonquin Road is a 1.04 ac of land for sale in Algonquin, IL 60102. This property was listed for sale on December 4, 2023 by Baird & Warner, it's currently listed at $249,900. This listing's school district is Community Unit School District 300. Nearby schools include Algonquin Lakes Elementary School, Algonquin Middle School and Dundee-Crown High School. 1188 East Algonquin Road is a 0-bed, 0-bath, 1.04 ac of land on a 45,302 sq. ft. / 1.04 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.