2450 Algonquin RdAlgonquin, IL 60156

For Sale
$1,280,000

Prime Retail Space, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 4,566 square foot freestanding commercial building is located at a high-traffic intersection in McHenry County, Illinois, boasting a combined daily traffic count of 71,100 vehicles. Situated on a 0.59-acre lot at 2450 W Algonquin Rd (Route 62) in Lake in the Hills, IL 60156, this single-story, 2004-built property features a convenient Pace bus stop directly in front. Previously a Bank of America branch, the building offers a unique opportunity for a variety of retail uses. The existing covered drive-thru area presents potential for additional parking or repurposing as a fast-food drive-thru. The building's limited access makes it ideal for a destination retailer. The secure vault remains intact, presenting an added advantage for specific businesses. An August 29, 2023 MAI appraisal is available for review. The property is zoned B3 and benefits from the seller being McHenry County, resulting in no current real estate taxes. SBA financing is available with a low 10% down payment. This property presents a compelling investment opportunity in a thriving location. The APN is 19-29-151-034. The asking price is $1,280,000, translating to $280.33 per square foot. The property is currently vacant.

Highlights

  • $1,280,000 asking price for a 4,566 SF retail building.
  • Former Bank of America branch, vacant and ready for new tenant.
  • Located at a high-traffic intersection in McHenry County, IL (71,100 VPD).
  • Features a covered drive-thru, suitable for repurposing.
  • 0.59-acre lot with B3 zoning.
  • Single-story building constructed in 2004.

Property Details for 2450 Algonquin Rd

Property type
Other retail properties, Individual retail properties
Square Feet
4,566 SF
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Algonquin
County
McHenry
State
Illinois
Latitude
42.175890072932
Longitude
-88.335144431928
2450 Algonquin Rd, Algonquin, Illinois

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2450 Algonquin Rd
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