2450 Algonquin Rd - Bank FOR SALE


Lake In The Hills, IL 60156
$1,280,000 USD
847-507-1759
2450 Algonquin Rd, Lake In The Hills, IL for Sale
$1,280,000 USD
Bank - FOR SALE
1/11
null | Request Cap Rate

2450 Algonquin Rd
Lake In The Hills, IL 60156


HIGHLIGHTS

  • Signalized Intersection with over 71,000 vpd

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$1,280,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

B3

APN/PARCEL ID

19-29-151-021

ASK ABOUT THIS PROPERTY

Bruce KaplanPremier Commercial RealtyMore Info
847-507-1759

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Bruce KaplanPremier Commercial RealtyMore Info
847-507-1759

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.