321 Jefferson St Algonquin, IL 60102
This exceptional mixed-use property, located at 321 Jefferson Street in the historic area of Algonquin, Illinois, presents a unique investment opportunity. The 2,200 square foot building has undergone a complete renovation, boasting a brand new roof, shingles, and windows. Interior upgrades include fresh flooring and paint throughout, enhancing the property's aesthetic appeal. A newly constructed wood deck adds to the outdoor space. The first floor is currently configured as a business space, featuring three offices, a bathroom, and a kitchen with basement access. This provides excellent potential for a variety of commercial uses. The second floor offers comfortable residential living, with two bedrooms, a bathroom, a living room, and a kitchen. Off-street parking is available, adding convenience for both business and residential occupants. The property is currently owner-occupied, demonstrating its viability as a combined commercial and residential space. This turnkey property is ready for immediate occupancy and offers a blend of historic charm and modern updates. The strategic location in Algonquin's historic district provides excellent visibility and accessibility. This is an ideal opportunity for an owner-occupant seeking a blend of business and residential space or an investor looking for a strong return.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.