Share This Listing

Message

959 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Strong Daytime Traffic Counts
  • Prime Frontage on Algonquin Road (Route 62)
  • Build-to-Suit or Ground Lease Opportunity
  • Signalized Intersection Nearby (Algonquin Rd & County Line)
  • Drive-Thru Capable Site
  • Clean, Rectangular 1.00 Acre Lot

Executive Summary

~1.00 Acre Retail Pad – For Sale | Algonquin, IL
Prime ~1.00-acre retail pad available for sale along Algonquin Road (Route 62), offering strong frontage, excellent visibility, and high daily traffic counts. The site features a clean, rectangular layout ideal for efficient development and is well-suited for drive-thru users including QSR, coffee, medical, and service retail.
Utilities are available to site, and the property benefits from convenient access near the intersection of Algonquin Road and County Line Road. The surrounding area includes dense residential neighborhoods and has seen recent growth with new national retailers including gas, quick service, and car wash users.
This parcel can be purchased individually or combined with the adjacent 0.69-acre and ~7-acre parcels, creating a larger mixed-use development opportunity. A conceptual plan has been completed for the full site, illustrating retail and residential uses, providing additional upside for developers seeking scale in a growing corridor.
The combination of location, visibility, and flexibility makes this a rare opportunity to acquire a true drive-thru capable retail pad in a strong suburban market.

Property Facts

Sale Type Investment
Sale Conditions
Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
  • Build to Suit
  • Lease Option
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Apartment Units - Condo
  • Bank
  • Department Store
  • Fast Food
  • General Freestanding
  • Planned Unit Development
  • Restaurant
Total Lot Size 1.04 AC
Zoning B-2

1 Lot Available

Lot

Lot Size 1.04 AC

1.00-acre drive-thru pad on Algonquin Rd with strong frontage, visibility, and traffic. Utilities to site. Ideal for QSR, coffee, medical, and service retail.

Description

1.00 Acre Drive-Thru Retail Pad – Algonquin, IL Prime 1.00-acre retail pad located along Algonquin Road (Route 62) offering strong frontage, excellent visibility, and high traffic counts. The site features a clean, rectangular configuration ideal for efficient development and is well-suited for a variety of drive-thru users including QSR, coffee, medical, and service retail. Utilities are available to site, and the property benefits from convenient access and proximity to a signalized intersection, as well as a dense surrounding residential population that supports strong consumer demand. The corridor continues to experience growth with several new national retailers recently developed nearby. The parcel is available for sale and can also be combined with the adjacent 0.69-acre and ~7-acre parcels, creating a larger mixed-use development opportunity. This flexibility allows for both standalone retail development or integration into a broader project. This is a rare opportunity to secure a highly functional retail pad in a growing suburban market with strong long-term upside.

Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
19-35-477-053
Land Assessment
$113,707
Improvements Assessment
$0
Total Assessment
$113,707
  • Listing ID: 31333874

  • Date on Market: 3/26/2024

  • Last Updated:

  • Address: 2101 E Algonquin Rd, Algonquin, IL 60102

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}