Thank you
Peter Lipsey
Berkshire Hathaway HomeServices Chicago
847-510-5000
Prime Riverfront Investment Opportunity in Algonquin, Illinois. Welcome to a rare gem along the tranquil Fox River - a pristine just over six acre parcel of buildable land with potentially eight piers capable of accommodating 16 boats. This unique property is comprised of six parcels, offering the flexibility to be subdivided into 25 buildable lots, making it an ideal investment for developers. Seconds away from the heart of downtown Algonquin, Route 62 and Main Street. Enjoy the charm of quaint shops, delectable eateries, and vibrant gathering spots. The nearby developments ensure all necessary utilities are within reach, easily accessible from nearby subdivisions. The booming TIF district is in full swing, so why not seize the opportunity to be a major player. This property presents itself as a prime investment opportunity. The savvy developer can make a significant impact. The strategic location and potential for subdivision add layers of value, making it an attractive prospect for those looking to make a mark in Algonquin's growing real estate scene. Adjacent to the property is the expansive 18-acre Presidential Park, offering three baseball diamonds, soccer and football fields, and a 7/10-mile walking path with exercise stations. This adds not only recreational value but also enhances the overall appeal of the location. Don't miss the chance to be part of Algonquin's growth story. Come on by and explore the endless possibilities that this property presents. Whether you're envisioning a waterfront community or an exclusive development. This is your canvas to create something extraordinary. The parcel #'s are: 19-26-329-029 19-26-377-012 19-26-328-007 19-29-328-003 19-26-328-008 19-26-328-006.
Water front: 1
Lot Dimensions: 5-6 ACRES
Lot Size: 5.0-5.99 Acres
Property Type: Land
Sub Type: Land
Original List Price: $2500000
Annual Tax: $9827.94
Tax Year: 2022
Parcel Number: 1926329029
None
City: Algonquin
Direction: Algonquin to River to Starr.
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 05/03/2024 @ 06:20. 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 05/03/2024 @ 06:20
MLS: MRED #11971236
LISTED BY: Peter Lipsey, Berkshire Hathaway HomeServices Chicago
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 3%-$495.00
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.