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Historic Two-Unit Office Building
For Sale
$280,000

329 Jefferson Street, Algonquin, IL 60102

COMMERCIAL - Algonquin, IL

Property SizeContact for details
Lot Size0.16 Acres
Days on Market422

Property Features for 329 Jefferson Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning OFFIC
Directions ROUTE 31 SOUTH OF ROUTE 62 TO JEFFERSON ST
Subdivision Algonquin
Standard status Active
APN 1934110007
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7803

Utilities

Cooling system Central Air

Amenities

full usable basement

Building Details

Year built 1867
Floors in Building 2
Number of units 2
Building materials Brick, Vinyl Siding
Listing Agency: RE/MAX At Home · RE/MAX International
Listed By: Anthony Bellino · License #471002939
Added: Jun 17, 2025 Changed: Aug 4 Last Checked: Aug 12 at 12:06PM
MLS# 12394883

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1867, this two-unit office building at 329 Jefferson Street combines historic character with practical commercial features. The property includes a full usable basement for storage, central air, and construction incorporating brick and vinyl siding. Zoning is identified as OFFIC.

The building is situated in downtown Algonquin’s historic district, adjacent to the Prairie Trail bike path and 1/4 block from Main Street shops and restaurants. Off-street parking accommodates 5-8 cars. The first-floor unit is occupied by a long-term tenant on a month-to-month lease, while the second unit offers an owner-occupancy or additional rental configuration.

Key Highlights

  • Two‑unit office building constructed in 1867
  • Full usable basement provides additional storage space
  • First‑floor unit occupied by a long‑term tenant on a month‑to‑month lease

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Garden Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Plumbing Service Barber Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

484
Businesses Nearby

Demographics for 60102, IL

31,959
Population
12,076
Households
2.6
Avg Household Size
42
Median Age
43%
College-Educated
95%
High-School Grad
15.8 sq mi
ZIP Area
2,023
Density / Sq Mi
$128,070
Median Household Income
$59,484
Median Earnings
$1,826
Median Rent
$320,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office property with a flexible occupancy arrangement, basement storage, central air, and off-street parking.
Where is this office building located?
The property is located at 329 Jefferson Street Algonquin, IL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit office building constructed in 1867; Full usable basement provides additional storage space; First‑floor unit occupied by a long‑term tenant on a month‑to‑month lease
More about this property
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