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    1201-1231 S Main St Algonquin, IL

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    For Lease
    $15 SF/Yr ($1,875 /Mo)

    Retail space with high visibility and ample parking available.

    Property size:
    1,500 SF
    Lot size:
    1.28 Acres

    Property Features for 1201-1231 S Main St

    General Information

    Size
    1,500 SF
    Lot size
    1.28 Acres

    Source: Brian Properties, Inc. Agent Gregg Comeuax

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on Main Street

    This retail space is located on Main Street (Route 31), which experiences an average daily traffic of over 14,000 vehicles. The property features LED parking lot poles and canopy lights, enhancing visibility for both drivers and pedestrians. Ample parking is available, with a ratio of 5 spaces per 1,000 square feet. Garbage collection is included in the common area maintenance.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -88.3287896
    Latitude
    42.1895773

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and ample parking available.
    Where is this retail space located?
    The property is located at 1201-1231 S Main St Algonquin, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Location: Main St. (Rt. 31) sees 14,000+ cars per day; - Ample Parking: 5 parking spaces per 1,000 SF; - Excellent Visibility: LED parking lot poles & canopy lights
    (847) 640-1500
    Request Owner's contact information
    1201-1231 S Main St Algonquin, IL
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    Algonquin, IL
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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
    1201-1231 S Main St Algonquin, IL
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