Natalie Luchsinger
Description
A rare opportunity to own a standout building in the heart of downtown Algonquin with ample parking both directly behind the building and off street! This striking building sits right on Main Street and is currently home to a well-known local restaurant, but this sale is for the real estate only. The business, business assets, and trade fixtures are not included. The building offers a bold architectural presence with tall storefront windows, ability to seat 50 inside, and 70+ outside across the covered outdoor dining spaces at street level, the second-floor balcony as well as the additional seating area and an outdoor bar. The building is in an optimal location, benefitting from the direct visibility of the large traffic count passing by on Route 62 while simultaneously offering visitors serene views of downtown Algonquin's historic district. The layout is built for a hospitality use but offers flexibility for other commercial concepts as well. Downtown Algonquin continues to maintain a quaint, small town vibe, making this a prime location for an owner-user or investor looking to secure a highly visible piece of Main Street. The current business tenant is able to vacate to another location prior to closing, so the new owner can quickly began operations of their own concept in one of the most recognizable buildings in downtown Algonquin!
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1893
General Information
County: McHenry
Listed By:
@properties Christie's International Real Estate
847-381-0300
MRED MLS
MLS ID: 12775814
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8 S Main Street , Algonquin, IL 60102.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $700,000 | $700,000 | $700,000 |
| Down Payment | $140,000 | $24,500 | $175,000 |
| Monthly Mortgage Amount | $3,868 | $4,631 | $4,609 |
| Taxes | $974 | $974 | $974 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $308 | $0 |
| Monthly Estimated Total | $5,046 | $6,117 | $5,787 |
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