2450 Algonquin Rd
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2450 Algonquin Rd
4,566 SF Retail Building Lake In The Hills, IL 60156 $1,280,000 ($280/SF)
Investment Highlights
- Signalized Intersection with over 71,000 vpd
Executive Summary
FREE STANDING COMMERCIAL BLDG.
4,566 SF
4,566 SF freestanding masonry single story commercial building at McHenry County’s busiest intersection (Randall Road & Algonquin Road) with a combined daily traffic count of 71,100 vpd. Pace bus stop in front on Randall Road.
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 destination retailer or a cannabis user with its vault still in tact.
8/29/23 MAI appraisal on file.
SBA financing available with as little as 10% down. Seller is McHenry County (no real estate taxes currently).
4,566 SF
4,566 SF freestanding masonry single story commercial building at McHenry County’s busiest intersection (Randall Road & Algonquin Road) with a combined daily traffic count of 71,100 vpd. Pace bus stop in front on Randall Road.
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 destination retailer or a cannabis user with its vault still in tact.
8/29/23 MAI appraisal on file.
SBA financing available with as little as 10% down. Seller is McHenry County (no real estate taxes currently).
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
4,566 SF
Building Class
C
Year Built
2004
Price
$1,280,000
Price Per SF
$280
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.59 AC
Zoning
B3
Parking
15 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
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2450 Algonquin Rd
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