2150 E Algonquin Rd Algonquin, IL 60102
Estimated payment $32,643/month
About This Lot
Price Reduced! 8.69 Acre Development Opportunity on Algonquin Road Now offered at a newly adjusted price, this 8.69-acre development site presents a rare opportunity with over 800' of frontage along Algonquin Road (Route 62). The property consists of three parcels, including a 1.00-acre drive-thru capable pad, a 0.69-acre parcel, and a ~7-acre development site. Zoned B-2 and I-1, the property allows for a wide range of uses including retail, mixed-use, residential, medical, and flex industrial. A conceptual plan has been completed illustrating a mixed-use development with retail frontage and residential density in the rear, providing a clear vision for future development. Utilities are available to site including water, sewer, gas, and electric, with multiple access points enhancing flexibility for site planning. The property can be purchased as a whole or in pieces, offering optionality for developers, investors, and users. This is a unique opportunity to acquire a large-scale, flexible development site at a newly reduced price in a growing corridor. Contact listing agent for additional information.
Property Details
Property Type
- Land
Est. Annual Taxes
- $67,250
Lot Details
- 8.69 Acre Lot
- Lot Dimensions are 800x475
- Additional Parcels
Home Design
- Mixed Use
Utilities
- Electricity To Lot Line
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,186 | $40,723 | $40,723 | -- |
| 2023 | $12,703 | $151,749 | $90,343 | $61,406 |
| 2022 | $11,745 | $136,958 | $81,537 | $55,421 |
| 2021 | $11,322 | $127,592 | $75,961 | $51,631 |
| 2020 | $11,250 | $125,293 | $73,272 | $52,021 |
| 2019 | $11,505 | $125,293 | $73,272 | $52,021 |
| 2018 | $11,942 | $125,293 | $73,272 | $52,021 |
| 2017 | $15,747 | $158,132 | $69,027 | $89,105 |
| 2016 | $17,793 | $169,206 | $64,741 | $104,465 |
| 2013 | -- | $200,519 | $60,395 | $140,124 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/19/2026 03/19/26 | Price Changed | $5,100,000 | -11.3% | -- |
| 07/08/2025 07/08/25 | Price Changed | $5,750,000 | -4.2% | -- |
| 03/03/2025 03/03/25 | For Sale | $6,000,000 | 0.0% | -- |
| 03/01/2025 03/01/25 | Off Market | $6,000,000 | -- | -- |
| 03/27/2024 03/27/24 | For Sale | $6,000,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $150,000 | None Listed On Document | |
| Special Warranty Deed | $919,709 | Mgr Title Serv | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $600,000 | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12014037
APN: 19-35-400-007
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.