FOR SALE1.04 ACRES
1188 E Algonquin Rd
Algonquin, IL 60102
(on 1.04 acres)
Local Information
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Description
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!
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
No Info
Listed
146 days ago
Home Details for 1188 E Algonquin Rd
Active Status |
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MLS Status: Active |
Interior Features |
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Appliances & Utilities Utilities: Electricity Available, Natural Gas Available, Water Nearby |
Exterior Features |
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Frontage Frontage Type: PavedRoad Frontage: City Street, Easement, Public RoadRoad Surface Type: AsphaltNot on Waterfront |
Farm & Range Frontage Length: 172 |
Days on Market |
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Days on Market: 146 |
Property Information |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Property Information Usage of Home: Commercial, Office and Research, Retail, OtherParcel Number: 1934279012 |
Price & Status |
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Price List Price: $249,900 |
Status Change & Dates Possession Timing: Close Of Escrow |
Location |
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Direction & Address City: Algonquin |
School Information Elementary School District: 300Jr High / Middle School District: 300High School District: 300 |
Agent Information |
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Listing Agent Listing ID: 11941650 |
Lot Information |
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Lot Area: 1.04 Acres |
Listing Info |
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Special Conditions: None |
Compensation |
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Buyer Agency Commission: 2.5% - $395 MLS FEEBuyer Agency Commission Type: See Remarks: |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Business Information Ownership: Fee Simple |
Miscellaneous |
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Mls Number: 11941650 |
Additional Information |
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Mlg Can ViewMlg Can Use: IDX |
Last check for updates: 1 day ago
Listing courtesy of: Sooji Hill, (224) 619-2150
Baird & Warner
John Lim, (847) 208-2340
Baird & Warner
Source: MRED as distributed by MLS GRID, MLS#11941650
Price History for 1188 E Algonquin Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 12/05/2023 | $249,900 | Listed For Sale | MRED as distributed by MLS GRID #11941650 |
| 11/14/2023 | ListingRemoved | MRED as distributed by MLS GRID #11785434 | |
| 08/25/2023 | $134,900 | PriceChange | MRED as distributed by MLS GRID #11785434 |
| 07/03/2023 | $144,900 | PriceChange | MRED as distributed by MLS GRID #11785434 |
| 05/17/2023 | $149,900 | Listed For Sale | MRED as distributed by MLS GRID #11785434 |
| 09/14/2022 | ListingRemoved | MRED as distributed by MLS GRID #11378530 | |
| 06/21/2022 | $110,000 | PriceChange | MRED as distributed by MLS GRID #11378530 |
| 04/19/2022 | $125,000 | Listed For Sale | MRED as distributed by MLS GRID #11378530 |
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Comparable Sales for 1188 E Algonquin Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.90 | Lot/Land | $300,000 | 12/18/23 | - | - | ||
1.74 | Lot/Land | $15,000 | 08/31/23 | - | - | ||
2.10 | Lot/Land | $20,000 | 09/01/23 | - | - | ||
1.96 | Lot/Land | $30,000 | 03/04/24 | - | - | ||
2.38 | Lot/Land | $15,000 | 08/24/23 | - | - | ||
2.93 | Lot/Land | $5,000 | 03/12/24 | - | - | ||
3.44 | Lot/Land | $80,000 | 07/06/23 | - | - | ||
3.11 | Lot/Land | $520,000 | 10/17/23 | - | - | ||
3.41 | Lot/Land | $36,000 | 10/12/23 | - | - |
What Locals Say about Algonquin
- Bbending
- Resident
- 3mo ago
"It’s very friendly, beautiful downtown. Convenient shopping and restaurants. Good schools: public and private. "
- Holly t.
- Resident
- 10mo ago
"I live cross street for 6 years, in Algonquin 15 years, , good neighborhood , everything convenient , "
- Gary
- Resident
- 3y ago
"Great friendly neighborhood. Lots of children and young families. Perfect place to raise a family. Plenty of shopping and dining available."
- Karl H.
- Resident
- 3y ago
"I drive 30 miles. There are options to take the train within a 15 minute drive. walking is not a good option for many people. "
- Alex A.
- Resident
- 3y ago
"none whatsoever. everybody mind their own business. it is quiet and nobody cares who comes and goes. "
- Alex A.
- Resident
- 3y ago
"schools, library and shopping in the same block! you can't beat that. Also there's a lot of opportunities to work within 15 minutes drive."
- Lightboy006
- Resident
- 3y ago
"I commute to O'Hare and even during rush hour it takes no more than 45 minutes, 30-35 minutes on average. Easy access to I-90."
- Allcircuits
- Resident
- 4y ago
"They would like everything because I am a dog owner. There are tons of dog in my area and it’s a quite neighborhood. "
- Martin J. G.
- Resident
- 4y ago
"Really nice neighborhood to raise a family. Everything is close schools and stores, district 300 one of the best."
- Ckred27
- Resident
- 4y ago
"I work from home so don’t have one. But traffic is ok. Randall rd can get backed up during rush hour esp w the construction but there are ways to avoid it."
- Joe M.
- Visitor
- 4y ago
"Love the neighborhood love the fox river and the downtown are it’s just beautiful and peaceful are I would highly recommend Algonquin to everyone "
- GH
- Resident
- 4y ago
"My neighborhood is becoming more diverse each year. Lots of construction and development projects symbolize economic growth."
- jack
- Resident
- 4y ago
"It’s fine if you clean up after your dog i love living here. It’s a nice neighborhood. Lawn is maintained. Snow removed included in association fees."
- Diane J.
- Resident
- 4y ago
"Most people in the neighborhood have dogs and there are several veterinarians in the area. Also dog friendly restaurants in summer"
- Felix N
- Resident
- 4y ago
"Daily drive consists of watching beautiful horse farms and forestry preserves. Unfortunate rush hour traffic is gridlock. "
- Anonymous
- Resident
- 5y ago
"You see people walking their dogs all the time in my neighborhood. This is a very pet friendly area with a few parks within walking distance."
- Jack
- Resident
- 5y ago
"Founders Days Carnival, bands & fireworks in late July, summer concerts on the Fox river and block parties. "
- Kelly K.
- Resident
- 5y ago
"Nice area close to tons of amenities! Quiet neighborhood, well-kempt. so much shopping, restaurants. Only 2 blocks from Randall Road Corridor."
- Asiag123
- Resident
- 5y ago
"Friendly family neighborhood very clean with lots to do including tons of shopping. Summers are fun with lots of events"
- Trulia User
- Resident
- 5y ago
"good area, safe, good school district, Dundee crown is a good school lots of shopping close, Kane county Park district lots to do for kids "
- Jen
- Prev. Resident
- 5y ago
"In the summer there are bands along the River by Port Edward restaurant. The downtown area is being redone and it’s a traffic nightmare currently but it’s bringing new businesses to the area and it’s looking much nicer."
- Carol J.
- Resident
- 5y ago
"Love the community and night life downtown. Close to everything...shopping, grocery, the river walk and summer concerts beside the river.....so happy to call Algonquin home!!"
- D3vilwoman
- Resident
- 5y ago
"I love the riverfront, and all the summer community activities. Algonquin road can be a bit of a nightmare at times...but I love how close I am to shopping and family"
- Sergio E.
- Resident
- 5y ago
"The people are fantastic. Everyone is very friendly and very willing to lend a helping hand. Nearly every home is well kept and pride of ownership is very evident. "
- Rhiann L. O.
- Resident
- 5y ago
"the neighborhood has turned over to young kids again. there are always kids outside during the summer."
- Nancyjarndt
- Resident
- 5y ago
"We have lived in our neighborhood for 17 years and have been quite satisfied. However, Algonquin needs a higher quality grocery store, such as Mariano’s."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Sooji Hill, Baird & Warner
Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1188 E Algonquin Rd, Algonquin, IL 60102 is a lot/land. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Dec 5, 2023. The MLS # for this home is MLS# 11941650.