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.
Price change
Price cut: $650K (3/19)
$5,100,000
2150 E Algonquin Rd, Algonquin, IL 60102
--beds
--baths
8.69Acres
Unimproved Land
Built in ----
8.69 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 723 days |
- 47 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 19, 2026 at 11:26am
Listing courtesy of:
Dakota Nilson 312-337-0200,
@properties Commercial
Source: MRED as distributed by MLS GRID,MLS#: 12014037
Facts & features
Property
Features
- Frontage length: 800
Lot
- Size: 8.69 Acres
- Dimensions: 800X475
Details
- Additional parcels included: 1935400006,1935400007,1935477053
- Parcel number: 1935400005
- Zoning: OTHER
- Special conditions: None
Utilities & green energy
- Utilities for property: Electric to Site, Natural Gas Available, Water Available
Community & HOA
Location
- Region: Algonquin
Financial & listing details
- Annual tax amount: $67,249
- Date on market: 3/27/2024
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Other
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2026 | Price change | $5,100,000-11.3% |
Source: | ||
| 7/8/2025 | Price change | $5,750,000-4.2% |
Source: | ||
| 3/27/2024 | Listed for sale | $6,000,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 60102
Nearby schools
GreatSchools rating
- 6/10Algonquin Lakes Elementary SchoolGrades: K-5Distance: 0.6 mi
- 6/10Algonquin Middle SchoolGrades: 6-8Distance: 1 mi
- NAOak Ridge SchoolGrades: 6-12Distance: 3.3 mi
Schools provided by the listing agent
- District: 158
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 60102
- Illinois
- McHenry County
- Algonquin
- 60102
- 2150 E Algonquin Rd



