115 Main StAlgonquin, IL 60102

  • Commercial real estate
  • 6,028 SF
For Lease
$17/SF/YR View listing

Property Details for 115 Main St

Year built
1990
Lot size
0.42 AC
Property size (Sq ft)
6,028 SF
Property type
Commercial real estate
APN
19-34-126-006
APU
1934126006

Description

This exceptional 2,100 square foot retail space is ideally situated on Main Street in the heart of Downtown Algonquin, Illinois. The property, located at 115 S Main St, 60102, boasts a prime location within a revitalized and growing downtown area. The building is a two-story structure with a 15-foot ceiling height, offering ample space for a variety of uses. The zoning is Mixed Use, allowing for flexibility in tenant occupancy. Possible uses include retail, restaurant, bar, or office space. A significant advantage is the inclusion of a full 2,100 square foot basement, doubling the usable space. The property was renovated in 2011. While street parking is available, the building itself does not have dedicated parking spaces or elevators. The cross street is Algonquin Rd, providing convenient access and visibility. This property presents a unique opportunity for businesses seeking a prominent location in a thriving downtown environment. The submarket is Downtown Algonquin, offering excellent access to local amenities and a strong customer base. This versatile space is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,245,830
    Hospitality
    $1,141,174
    Educational
    $949,443
    Medical
    $982,096
    Retail
    $1,476,912
115 Main St, Algonquin, Illinois

Location Insight

City
Algonquin
County
Mchenry
State
Illinois
Latitude
42.168
Longitude
-88.2904
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$15,587
$28,980
$139,072
$168,052
-
$86,940
$417,216
$504,156

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