113 Main StAlgonquin, IL 60102

For Sale
$1,450,000

Prime Algonquin location, 11,500 sq ft, vacant.

Overview

Added:
Dec 11, 2024
Days on market:
94
This 11,500-square-foot vacant commercial property, located at 113 S Main St in Algonquin, Illinois (zip code 60102), presents a unique investment opportunity. Classified as a Class C retail building with B-1 zoning, the property previously housed a Mexican restaurant and much of the existing equipment remains. Key features include a 16-foot hood, a walk-in cooler, and approximately 28 owned parking spaces, supplemented by additional village-owned lots nearby. The building extends from Main Street to Harrison Street, offering excellent visibility and access. The property boasts a desirable location overlooking a village-owned park. Recent improvements include a new parking lot (2021) and two new 5-ton rooftop units (late 2019). The building's unique bowtruss construction offers a potential for creative renovation, exposing the brick walls and wooden ceiling. The asking price is $1,450,000, translating to $126.09 per square foot. The property is a single-story building and is currently vacant, making it ideal for an owner/user seeking a turnkey operation or a savvy investor looking for a prime Algonquin location. The property is owned by an LLC.

Highlights

  • $1,450,000 asking price for this 11,500 square foot retail property.
  • Located at 113 S Main St, Algonquin, IL 60102.
  • Class C building with B-1 zoning.
  • Vacant, former Mexican restaurant with existing equipment including a 16-foot hood and walk-in cooler.
  • Features 28 on-site parking spaces, plus additional public parking nearby.
  • Owner/user investment opportunity.

Property Details for 113 Main St

Property type
Other retail properties, Restaurants
Square Feet
11,500 SF
Class
C
Stories
1

Location Insight

City
Algonquin
County
McHenry
State
Illinois
Latitude
42.166397545556
Longitude
-88.292936315895
113 Main St, Algonquin, Illinois

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113 Main St
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