Esplanade of Algonquin lot sold for office building

ALGONQUIN – A 51,000-square-foot vacant parcel at the Esplanade of Algonquin, a mixed-use development located off Randall Road in Algonquin, was recently sold.

The lot was sold for $7 a square foot, said Linda Kost, a senior broker associate at Premier Commercial Realty in Lake in the Hills. She said in a news release the purchaser, who was not identified, intends to build a medical/commercial office building on the lot.

The buyer’s broker could not immediately be reached for comment.