Current Use by Public Records
- Mixed-use properties
Property Details for 321 Jefferson St
- Year built
- 1950
- Property type
- Mixed-use properties
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Algonquin
- County
- McHenry
- State
- Illinois
- Longitude
- -88.2952
- Latitude
- 42.1654
