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    Property profile & analytics

    1 Main St Algonquin, IL 60102

    • Commercial real estate
    • 2,912 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $285,000
    Last Sale
    Mar 13, 2020
    $220,000
    Location Intelligence
    Property ID
    US28-5312095
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1 Main St

    Property size
    2,912 SF
    Property type
    Commercial real estate
    APN
    03-23-318-009
    APU
    323318009

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $285,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $280,000
      Mixed-Use
      $265,000
      Hospitality
      $315,000
      Educational
      $315,000
      Residential Income
      $300,000
      Energy
      $340,000
      Income-Based Land
      $315,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    East Dundee
    County
    Kane
    State
    Illinois
    Longitude
    -88.2758
    Latitude
    42.0985
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $6,628
    $43,953
    $33,348
    $77,301
    -
    $131,859
    $100,044
    $231,903

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    1 Main St
    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
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