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    1201-1231 Main St Algonquin, IL 60102

    For Lease
    $15 SF/Yr

    Algonquin, IL Retail Center - 3 Spaces Available

    Lot size:
    16,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, the Fox River Center, is located at 1201-1231 S Main St, Algonquin, IL 60102, at the prominent intersection of Main St. & Beach Dr. The single-story, 16,500 square foot building underwent a complete renovation in 2022 and features 16 suites, with three currently available for lease, each a minimum of 1,000 square feet. The center boasts ample parking with 83 spaces for customer convenience. Its B-2 General Retail zoning in Mchenry County makes it ideal for a variety of businesses. The property offers a high-quality, well-maintained environment in a highly visible and easily accessible location, perfect for attracting customers. The Fox River Center is an established retail destination within the Algonquin community, providing tenants with a strong foundation for success. No elevators are present.

    Property Features for 1201-1231 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,500 SF
    Total Rate
    20625

    Building Details

    Year Renovated
    2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    1219
    Size
    1,000 SF
    Rate per SF
    $15
    Space
    1209
    Size
    1,000 SF
    Rate per SF
    $15
    Space
    1203
    Size
    1,000 SF
    Rate per SF
    $15

    HighLights

    • High‑traffic location on Main St. (Rt. 31) with over 14,000 cars daily.
    • Excellent visibility with LED parking lot and canopy lighting.
    • Ample parking: 5 spaces per 1,000 square feet.
    • Garbage collection included in common area maintenance (CAM).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.29642828
    Latitude
    42.15702006

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    FAQs

    What type of property is this?
    Retail property - Algonquin, IL Retail Center - 3 Spaces Available
    Where is this retail property located?
    The property is located at 1201-1231 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 on Main St. (Rt. 31) with over 14,000 cars daily.; Excellent visibility with LED parking lot and canopy lighting.; Ample parking: 5 spaces per 1,000 square feet.
    Request Owner's contact information
    1201-1231 Main St Algonquin, IL 60102
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    Algonquin, IL 60102
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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 Main St Algonquin, IL 60102
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