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    1 N Main St Algonquin, IL

    For Lease
    $18 SF/Yr ($2,721 /Mo)

    Retail suites available with high-end apartments above and parking.

    Property size:
    1,814 SF
    Lot size:
    1.42 Acres

    Property Features for 1 N Main St

    General Information

    Size
    1,814 SF
    Lot size
    1.42 Acres

    Source: SVN | Chicago Agent Olivia Czyzynski

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

    Overview

    Retail Space with Built-in Clientele

    This retail space benefits from a built-in clientele due to its location directly beneath over 60 high-end apartments that are already leased. The property is situated at a lighted intersection and features an adjacent and convenient designated parking lot. Various suite sizes are available, ranging from 1,129 square feet to 2,943 square feet. The property offers potential business opportunities due to its location and existing residential base.
    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 suites available with high-end apartments above and parking.
    Where is this retail space located?
    The property is located at 1 N Main St Algonquin, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Built-in clientele with **over 60 high-end apartments leased immediately above.**; - **Adjacent and convenient designated parking lot.**; - Located at a lighted intersection.
    (312) 676-1866
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    1 N Main St 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
    1 N Main St Algonquin, IL
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