Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1 Main St Algonquin, IL 60102

    For Lease
    $18 SF/Yr ($15,331 /Mo)

    Prime Retail & Office, Algonquin, IL

    Lot size:
    10,221 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 10,221 square foot mixed-use building in downtown Algonquin, Illinois offers multiple retail and office spaces for lease. Located at the prominent intersection of IL Route 31 (Main Street) and IL Route 62 (Algonquin Road), this landmark property boasts a prime location along the Fox River, ensuring high visibility and accessibility. Currently, 50% of the ground floor retail space is occupied by established businesses, Melt Yoga and Prima Med Spa, creating a vibrant and thriving atmosphere. Available spaces range from 1,129 to 2,943 square feet and can be subdivided to accommodate various business needs. The building is part of a larger development including 63 apartments, over 97% leased, ensuring a consistent flow of potential customers. A dedicated, private parking lot with 20 spaces is available for tenants, supplemented by ample free street parking. The charming downtown setting, featuring an attractive fountain and Fox River waterfront backdrop, provides an ideal environment for boutique businesses and restaurants. Nearby established businesses include Port Edward Riverfront Restaurant, Bold Restaurant, Cucina Bella, and Texas Roadhouse, further enhancing the area's appeal. This property presents a unique opportunity to establish a presence in the heart of Algonquin's thriving downtown district. The property's address is 1 N Main St, Algonquin, IL 60102, and its APN is 19-34-127-025.

    Property Features for 1 Main St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,221 SF
    Total Rate
    15331.5

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Suite C
    Size
    2,943 SF
    Rate per SF
    $18
    Space
    Suite B
    Size
    2,943 SF
    Rate per SF
    $18

    HighLights

    • 10,221 SF mixed‑use building with 50% ground floor retail occupancy (Melt Yoga & Prima Med Spa).
    • 20 designated parking spaces plus ample street parking.
    • Available spaces range from 1,129 to 2,943 SF, subdividable.
    • High‑income area with nearby restaurants and strong demographics.
    • Ideal for boutique businesses; riverfront location with outdoor patio space.
    • Prime location at IL Route 31 & IL Route 62 intersection, high visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -88.292098727043
    Latitude
    42.167218037463

    Nearby Similar for Lease

    • $59 SF/Yr

      Furnished Office Space in Algonquin

      Furnished office in prime location with utilities included.
      2390 Esplanade Dr, Algonquin, IL 60102
      View Details
    • $39 SF/Yr

      Upscale Office Space in Algonquin

      Professional office space available in a prime Algonquin location.
      2390 Esplanade Dr, Algonquin, IL 60102
      View Details
    • $28 SF/Yr

      Algonquin Office Suite Available

      Well-maintained office building with newer flooring, paint, and furniture.
      265 Stonegate Rd, Algonquin, IL 60102
      View Details
    • $10 SF/Yr
      10,890 SF

      Algonquin Office Space Available

      Second floor office with private offices and bathroom for rent.
      329 Jefferson St, Algonquin, IL 60102
      View Details
    • Contact for pricing
      1,507 SF

      Retail Space on Algonquin Road

      Retail building with two available units in Algonquin, Illinois.
      501-515 E Algonquin Rd, Algonquin, IL
      View Details
    • Contact for pricing
      2,042 SF

      Premier Lifestyle Destination in Algonquin

      Shopping, dining, and entertainment destination in Chicago's northwestern suburbs.
      1704-1748 S Randall Rd, Algonquin, IL
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail & Office, Algonquin, IL
    Where is this lifestyle center located?
    The property is located at 1 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: 10,221 SF mixed-use building with 50% ground floor retail occupancy (Melt Yoga & Prima Med Spa).; 20 designated parking spaces plus ample street parking.; Available spaces range from 1,129 to 2,943 SF, subdividable.
    Request Owner's contact information
    1 Main St Algonquin, IL 60102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Main St
    Algonquin, IL 60102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 Main St Algonquin, IL 60102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.