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    321 Jefferson St Algonquin, IL 60102

    For Sale
    $319,999

    Historic Algonquin, Updated Mixed-Use Property

    Property size:
    2,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use property, located at 321 Jefferson Street in the historic area of Algonquin, Illinois, presents a unique investment opportunity. The 2,200 square foot building has undergone a complete renovation, boasting a brand new roof, shingles, and windows. Interior upgrades include fresh flooring and paint throughout, enhancing the property's aesthetic appeal. A newly constructed wood deck adds to the outdoor space. The first floor is currently configured as a business space, featuring three offices, a bathroom, and a kitchen with basement access. This provides excellent potential for a variety of commercial uses. The second floor offers comfortable residential living, with two bedrooms, a bathroom, a living room, and a kitchen. Off-street parking is available, adding convenience for both business and residential occupants. The property is currently owner-occupied, demonstrating its viability as a combined commercial and residential space. This turnkey property is ready for immediate occupancy and offers a blend of historic charm and modern updates. The strategic location in Algonquin's historic district provides excellent visibility and accessibility. This is an ideal opportunity for an owner-occupant seeking a blend of business and residential space or an investor looking for a strong return.

    Property Features for 321 Jefferson St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,200 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Algonquin
    County
    McHenry
    State
    Illinois
    Longitude
    -88.29523
    Latitude
    42.1654

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Algonquin, Updated Mixed-Use Property
    Where is this mixed-use property located?
    The property is located at 321 Jefferson St Algonquin, IL.
    What is the asking price?
    The asking price for this property is $319,999.
    (847) 363-0990
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    321 Jefferson St Algonquin, IL 60102
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    Algonquin, IL 60102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 Jefferson St Algonquin, IL 60102
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