640-48 S Main (Route 31) Street, Algonquin, Illinois 60102

List Price
Mixed Use
Mc Henry
Days On Market

Property Description

17 Unit Mixed Use Commercial and Apartment building. 12 Apartments & 5 Retail/office units (7 apartments and 4 store need renovations). Blocks to completely renovated downtown Algonquin. Good traffic and visibility for retail/stores. Secondary rear entrance and parking lot for apartment units--accessed of Huntington Dr. Building has all Newer windows & separate HVAC in stores. 18 electric and 6 gas meters, stores have GFA heat and central air: apartments have boiler heat and 12 wall a/c units. Nice user/investor property or value add opportunity. Current owner would like to 1031 into a farm. 4 vacant stores are available to lease at $10-12 psf gross. Owner will consider period of free rent to offset renovation costs. Pre-qualified buyers only. No owner financing. 3 grease traps, 3 triple basin sinks, 2 exhaust hoods, 5 hand sinks and 2 mop sinks belong to the building. Land size is subject to new survey.

Additional Information

Tax Year
Year Built
Exterior Building Type
Lot Dimensions
150 X 224
Parking Spaces
Air Conditioning
Central Individual, Wall Sleeve

Mortgage Calculator

Amount of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Premier Commercial Realty.

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