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Property profile & analytics
OFF-MARKET
Mixed-use properties

321 Jefferson St Algonquin, IL 60102

2,200 SF Built 1950
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Year built 1950
Total area 2,200 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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