Renew on Main | New Construction Retail Condos in Downtown Algonquin Listing Details & Market Data

This property is located in the heart of Algonquin, in the downtown district. Located at the intersection of IL Route 31 (Main Street) and IL Route 62 (Algonquin Road), this strategically placed property along the Fox River provides for easy access, and is known as a landmark at the cornerstone roads of this Village. Algonquin is a town in McHenry and Kane Counties, located approx. 40 miles northwest of the Chicago Loop. Major roadways include IL Route 62 (Algonquin Road), Lake Cook Road and Randall Road. The village continues to see considerable residential and business growth, has a population of just over 30,000 people, and the average household income is just under $100,000. Algonquin has experienced tremendous economic growth over the past few years and continues to expand.This stunning new construction mixed-use retail is the ideal location for a boutique retailer, office user, salon/spa, or cafe, along with many other potential tenants. The building consists of 63 apartments, 60 of which are leased (97%). 10,957 SF of retail space is available, which can be subdivided into various different sizes. A parking lot consisting of 24 parking spots is available adjacent to this property, which is private and designated specifically for these retail units. Additional free street parking is available as well. Employee garage parking is available as well. This charming downtown area, along with an artistically pleasing fountain and Fox River waterfront backdrop, lends to a creative opportunity for boutique businesses. Local area tenants and restaurants include Port Edward Riverfront Restaurant, Bold Restaurant, Cucina Bella, and Texas Roadhouse.This stunning new construction mixed-use retail is the ideal location for a restaurant, boutique retailer, office user, or cafe, along with many other potential tenants. 50% of the ground floor retail is currently occupied by Melt Yoga and Prima Med Spa. The building consists of 63 apartments, which is over 97% leased. 5,337 SF of retail space is available, which can be subdivided into various sizes. A parking lot consisting of 20 parking spots is available adjacent to this property, which is private and designated specifically for these retail units. Additional free street parking is available as well. This charming downtown area, along with an artistically pleasing fountain and Fox River waterfront backdrop, lends to a creative opportunity for boutique businesses. Local area tenants and restaurants include Port Edward Riverfront Restaurant, Bold Restaurant, Cucina Bella, and Texas Roadhouse.