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1782 Cumberland Parkway Algonquin, IL 60102 Land - Commercial New

New - 6 Hours Ago
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Description

Prime Infill Development Opportunity - 2 Lots / 2.23 AC - Algonquin, IL LOCATION, LOCATION, LOCATION! Nestled in the heart of an established residential neighborhood-and just minutes from Algonquin Commons, Randall Rd retail, and I90-these two adjoining parcels offer a rare 2.23acre canvas for your next townhouse or single-family project. Buildable Area: 1.29 AC ( 56,000 sq ft) Retention / Green Space: 0.94 AC - carved out for stormwater management Current Zoning: Industrial (light) Future Land Use: Designated Residential in the Village of Algonquin Comprehensive Plan Village Support: Staff has indicated a clear preference for higher density residential (townhomes) or well-designed SFR infill to bolster nearby restaurants and retailers. FastTrack Rezoning: Submit your concept plan and launch the Village's streamlined process (Replat + PD Review + Rezoning) - typical turnaround 90 days. Utilities: Water, sewer, gas, and electric are all at the lot line. Motivated Seller: Bring your vision and an offer-seller is ready to move quickly. Why this site? High Demand submarket: Limited new construction inventory in Algonquin's core means strong end absorption for townhomes or boutique SFR. Shovel Ready timeline: No farmland annexation or offsite improvements-just finalize your plan, secure rezoning, and pull permits. Builtin marketing hook: Live steps from shops, dining, and recreation resonates with both downsizers and young professionals. Ready to capitalize on this infill gem? Contact me today.

Property Highlights

Property Type: Land - Commercial
Total Acres: 2.23 Acres
Utilities: Electricity Nearby, Natural Gas Nearby, Sewer Nearby, Water Nearby

General Information

County: McHenry
Listed By:
NOVA PROPERTY GROUP 847-269-8782
MRED MLS
$249,900
Est. $1,695/mo
New to the Market New
LOT SIZE 2.230 acres MLS#12713033
STATUSNew PROPERTY TYPELand - Commercial SCHOOLDistrict 300

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Ruhl&Ruhl Realtors
563.441.1776

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1782 Cumberland Parkway , Algonquin, IL 60102.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $249,900$249,900$249,900
Down Payment $49,980$8,747$62,475
Monthly Mortgage Amount $1,247$1,511$1,556
Taxes $348$348$348
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$110$0
Monthly Estimated Total $1,695$2,069$2,004

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