Thank you
Sooji Hill
Baird & Warner
847-392-1855
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!
Lot Dimensions: 172X195X256X243
Lot Acres: 1.04
Lot Size: 1.0-1.99 Acres
Property Type: Land
Sub Type: Land
Original List Price: $249900
Annual Tax: $1000.3
Tax Year: 2022
Parcel Number: 1934279012
Tax Exemption: None
Electric Nearby, Gas Nearby, Water Nearby
City: Algonquin
Direction: Located adjacent to office buildings in Fountain Square retail center, right on Algonquin Road.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
000 County Line Lane, Algonquin, IL,60102 | $715,000 | -- | -- | -- | 3.77 Acres |
1551 Westbourne Parkway, Algonquin, IL,60102 | $70,000 | -- | -- | -- | 0.26 Acre |
Algonquin Road And Hans.., Algonquin, IL,60102 | $1,300,000 | -- | -- | -- | -- |
705 Harper Drive, Algonquin, IL,60102 | $73,000 | -- | -- | -- | 0.5 Acre |
16 Springbrook Road, Algonquin, IL,60102 | $139,900 | -- | -- | -- | 0.2 Acre |
LOT #3-5 Hayes Road, Algonquin, IL,60102 | $50,000 | -- | -- | -- | 0.55 Acre |
LOT 25 Wabican Trail, Algonquin, IL,60102 | $35,000 | -- | -- | -- | -- |
1530 Westbourne Parkway, Algonquin, IL,60102 | $69,900 | -- | -- | -- | 0.31 Acre |
1540 Westbourne Parkway, Algonquin, IL,60102 | $69,900 | -- | -- | -- | 0.31 Acre |
1 N Hubbard Street, Algonquin, IL,60102 | $39,900 | -- | -- | -- | -- |
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Based on information submitted to the MLS GRID as of 05/02/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the 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.
Properties displayed may be listed or sold by various participants in the MLS.
ByOwner last updated this listing 05/02/2024 @ 18:20
MLS: MRED #11941650
LISTED BY: Sooji Hill, Baird & Warner
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2.5% - $395 MLS FEE
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.