1 Main StAlgonquin, IL 60102

Property Details for 1 Main St

Property size (Sq ft)

2,912 SF

Property type

Commercial real estate

APN

03-23-318-009

APU

323318009

Description

This exceptional 10,221 square foot mixed-use building in downtown Algonquin, Illinois offers multiple retail and office spaces for lease. Located at the prominent intersection of IL Route 31 (Main Street) and IL Route 62 (Algonquin Road), this landmark property boasts a prime location along the Fox River, ensuring high visibility and accessibility. Currently, 50% of the ground floor retail space is occupied by established businesses, Melt Yoga and Prima Med Spa, creating a vibrant and thriving atmosphere. Available spaces range from 1,129 to 2,943 square feet and can be subdivided to accommodate various business needs. The building is part of a larger development including 63 apartments, over 97% leased, ensuring a consistent flow of potential customers. A dedicated, private parking lot with 20 spaces is available for tenants, supplemented by ample free street parking. The charming downtown setting, featuring an attractive fountain and Fox River waterfront backdrop, provides an ideal environment for boutique businesses and restaurants. Nearby established businesses include Port Edward Riverfront Restaurant, Bold Restaurant, Cucina Bella, and Texas Roadhouse, further enhancing the area's appeal. This property presents a unique opportunity to establish a presence in the heart of Algonquin's thriving downtown district. The property's address is 1 N Main St, Algonquin, IL 60102, and its APN is 19-34-127-025.

• Alternative Use

  Use

  Valuation

  Residential

  $601,834

  Hospitality

  $551,277

  Educational

  $458,656

  Medical

  $474,430

  Retail

  $713,465

Location Insight

City

East Dundee

County

Kane

State

Illinois

Latitude

42.0985

Longitude

-88.2758

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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