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Vacant Land

4.6 Acres Commercial Land in Algonquin

Lot 5 Sherman Road, Algonquin, Illinois 60102

Sold: $730,000
Updated Sep 30, 2026
Categories General Hospitality Office Retail Restaurant Medical Bank Owned

About this property

Randall Road Corridor Land Opportunity - Price Reduced!

4.60 Acres Heart of Algonquin's Randall Road retail corridor. Bank owned commercial development site situated between Holiday Inn, Colonial Cafe, Jacobs High School, and the Woodscreek Shopping Center (Target, Kohl's, Petco, etc). Fully improved with utilities to site and off-site detention. Randall Road Pylon Signage. Zoned B2 PUD. Ideal for retail, office, medical office, hospitality/hotel, entertainment. Potential for assisted living or senior housing. Bank will consider financing and participating with Buyer in the due diligence and/or entitlement approval process (call broker for details). $4.13 psf.

Property details

Property Type
Land
Building Type
Freestanding
Land Size
4.6 acres
Sewer
City
Water
City
Zoning
B2 PUD
Electric
to site

Documents 1 file

Spec-Lot-5-Sherman.pdf 1.3 MB

Last updated: Sep 30, 2026

Location

Address
Lot 5 Sherman Road
Algonquin, Illinois 60102
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.