1 N Main St Algonquin, IL 60102

This new construction mixed-use retail space is located in the heart of Algonquin, in the downtown district at the intersection of IL Route 31 (Main Street) and IL Route 62 (Algonquin Road). The property is strategically placed along the Fox River, providing easy access and landmark visibility. The building includes 63 apartments, with over 97% occupancy. Approximately 2,943 square feet of retail space is available and can be subdivided into various sizes ranging from 1,129 SF to 2,943 SF. A parking lot with 20 parking spots is available adjacent to the property, designated specifically for these retail units, with additional free street parking also available. The location is ideal for boutique businesses including local restaurants, brewery, winery/shop, salon/spa, specialty shops, dry cleaning, or entertainment venues. Outdoor patio space is available, and the property is located immediately on the Fox River Riverwalk. The area experiences heavy pedestrian traffic in the summer due to Algonquin festivals and summer activities. The property benefits from built-in clientele with the apartments above. TI packages are available, and units are currently in cold shell condition. The property is located in a higher income area and adjacent neighborhoods. The location is suitable for a restaurant, boutique retailer, office user, or cafe. 60% of the ground floor retail is currently occupied by Melt Yoga and Prima Med Spa, and Root Dental.