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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).

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
162 FT on Algonquin Rd

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Jewel-Osco
Huntington National Bank
Kobe Ichiban
Pure Barre
MOD Pizza
BMO
Cooper's Hawk Winery & Restaurants
Steak ‘n Shake
Butera Market
First National Bank
  • Listing ID: 29950130

  • Date on Market: 11/2/2023

  • Last Updated:

  • Address: 2450 Algonquin Rd, Lake In The Hills, IL 60156

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