2450 W Algonquin Road Lake In The Hills, IL ^$ 1,280,000

2450 W Algonquin Road

^$ 1,280,000

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2450 W Algonquin Road

Lake In The Hills, IL, 60156

^$ 1,280,000

Studio Baths0.0 Sq 4,566

Monthly Estimate*

^$ 8,941

2450 W Algonquin Road, Lake In The Hills, IL 60156 - Image 1

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2450 W Algonquin Road, Lake In The Hills, IL 60156 - Image 5

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2450 W Algonquin Road, Lake In The Hills, IL 60156 - Image 7

2450 W Algonquin Road, Lake In The Hills, IL 60156 - Image 8

2450 W Algonquin Road, Lake In The Hills, IL 60156 - Image 9

2450 W Algonquin Road, Lake In The Hills, IL 60156 - Image 10

Studio Commercial Property for sale in Lake In The Hills, IL for $1,280,000. This 4,566 square foot building was built in 2004 on a lot size of 0.587994.

4566 sq ft freestanding masonry single story commercial building at McHenry County's busiest intersection (Randall and Algonquin Rds). Former Bank of America branch with covered drive-thru area that can be reclaimed for more parking or revamped for a fast food drive thru. Limited access makes this ideal for a destination retailer or a cannibis user with its vault still in tact. 8/29/23 MAI appraisal on file. SBA financing available with 10% down. Seller is McHenry County (no real estate taxes currently). Pace bus stop in front on Randall Road.

Commercial Contingent

Price

^$ 1,280,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Commercial

Lot Size

0.587994

Year Built

2004

Town/City

Lake In The Hills

County/Region

MC HENRY

MLS | Web ID

11920592

Features

General

Cooling Central Air

Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal

Possession Closing Negotiable

Roof Membrane

Zoning COMMR

Construction Materials Brick

Year Built 2004

Electric Circuit Breakers Service - 201 to 600 Amps

Tenant Pays Other

Stories 1

Township Algonquin

Property SubType Free Standing Store

Tax Year 2022

Current Use Commercial

County Mc Henry

Net Operating Income 0

Property Type Commercial Sale Retail/Stores

Contingency Other Contingency

Status Contingent

Directions NEC of Randall Rd and Algonquin Rd

City Lake In The Hills

Total Units 1

MLS Area Lake in the Hills

Lot Size Square Feet 25613

Street Name Algonquin

Tax Annual Amount 0

Additional Parcels Y/N N

Leasable Area 0

Days on Market 70

Standard Status Active Under Contract

Interior

Flooring Carpet Tile Varies

Street Suffix Road

Exterior

Foundation Details Concrete Perimeter

Building Area Total 4566

Lot Dimensions 180X200

Frontage Type Easement

Exterior Brick

* Excluded Features

List By

Premier Commercial Realty

Broker

brucek@premiercommercialrealty.com

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$8,941

Per Month

Monthly Principal & Interest: $8,941
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lake in the Hills, IL

Average List Price ^$199,000

Percent of Sale Price 84%

About Lake in the Hills, IL

29,116 Population

34% Since 2002

^$88,528 Median Income

36.46 Median Age

43% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/31/2023	$1,280,000		Listed Price

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2450 W Algonquin Road, Lake In The Hills, IL, 60156 is a Commercial Property for sale at $1,280,000 with 4,566 sqft and a lot size of 0.587994. 2450 W Algonquin Road is a studio with 0.0 baths and was built in 2004. The property's zip code is 60156 which is in Lake In The Hills, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/1/2024.

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2450 W Algonquin Road

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