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$ 5,100,000
Est. payment | /mo
8.69 Acres Lot
$ 5,100,000
Est. payment | /mo
8.69 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12014037
Annual Tax Amount $67,249
Tax Year 2022
Lot Size 8.690 Acres
Lot Dimensions 800X475
Property Sub-Type Land
Property Description
Price Reduced! 8.69 Acre Development Opportunity on Algonquin Road Now offered at a newly adjusted price, this 8.69-acre development site presents a rare opportunity with over 800' of frontage along Algonquin Road (Route 62). The property consists of three parcels, including a 1.00-acre drive-thru capable pad, a 0.69-acre parcel, and a ~7-acre development site. Zoned B-2 and I-1, the property allows for a wide range of uses including retail, mixed-use, residential, medical, and flex industrial. A conceptual plan has been completed illustrating a mixed-use development with retail frontage and residential density in the rear, providing a clear vision for future development. Utilities are available to site including water, sewer, gas, and electric, with multiple access points enhancing flexibility for site planning. The property can be purchased as a whole or in pieces, offering optionality for developers, investors, and users. This is a unique opportunity to acquire a large-scale, flexible development site at a newly reduced price in a growing corridor. Contact listing agent for additional information.
Location
State IL
County Mchenry
Area Algonquin
Zoning OTHER
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Water Available
Building
Dwelling Type Land
Schools
School District 158 , 158, 158
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Dakota Nilson of @properties Commercial
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