1188 E Algonquin Road Algonquin, IL $ 249,900
1188 E Algonquin Road
$ 249,900
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1188 E Algonquin Road

Algonquin, IL, 60102
$ 249,900
Baths0.0

Monthly Estimate*

$ 1,746

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Studio Lots and Land for sale in Algonquin, IL for $249,900. The lot size is 1.04.

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!

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Lots and Land Active

Price

$ 249,900

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 1,000

Style

Commercial

Lot Size

1.04

Town/City

Algonquin

County/Region

MC HENRY

MLS | Web ID

11941650

Features
General
Utilities Electric Nearby Gas Nearby Water Nearby
Possession Closing
Township Algonquin
Tax Year 2022
Current Use Commercial
Percent Ownership Fee Simple
County Mc Henry
Property Type Land Land
Possible Use Commercial Office and Research Retail Other
Status Active
Directions Located adjacent to office buildings in Fountain Square retail center right on Algonquin Road.
City Algonquin
High School District 300
MLS Area Algonquin
Waterfront Y/N N
Street Name Algonquin
Tax Annual Amount 1000.3
Days on Market 87
Standard Status Active
Middle/Junior School District 300
Elementary School District 300
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Exterior
Total Parking 0
Lot Dimensions 172X195X256X243
Lot Size Acres 1.04
Road Surface Type Asphalt
Frontage Length 172
Frontage Type City Street Easement Public Road Paved
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Interior
Street Suffix Road
Total Baths 0
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* Excluded Features
List By
Baird & Warner

Broker

sooji.hill@bairdwarner.com;john.lim@bairdwarner.com

Email

Affordability Calculator

$1,829
Per Month
95%
5%
0%
Monthly Principal & Interest
$1,746
Monthly Property Taxes
$83
Monthly Home Insurance
--
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
566863 Elementary School
564936 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/5/2023$249,900 Listed Price

Map


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1188 E Algonquin Road, Algonquin, IL, 60102 is a Lots and Land for sale at $249,900 with a lot size of 1.04. 1188 E Algonquin Road is a studio with 0.0 baths. The property's zip code is 60102 which is in Algonquin, IL