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8 S Main St , Algonquin, IL 60102

$700,000

2,347
sqft
1893
year built

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!

Highlights

  • Commercial Sale
  • Business
  • Built in 1893
  • 0.06 Acre Lot
  • 38 days on Market

  • Year Built
    1893
  • Stories
    2.0
  • Construction Materials
    Cedar
  • Foundation
    Stone
  • Flooring
    Wood
  • Cooling
    Ceiling Fan(s), Central Air, Exhaust Fan

  • Acres
    0.06


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Frequently Asked Questions

How do I schedule a tour of 8 S Main St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 8 S Main St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 8 S Main St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $700,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Algonquin, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 8 S Main St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 8 S Main St at around $4,983. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 8 S Main St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in McHenry County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 8 S Main St?

In most cases, yes. Whether 8 S Main St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Algonquin's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 8 S Main St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Algonquin and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $700,000 with 2,347 sqft of space—that comes out to approximately $298 per square foot.

How long has this property been on the market?

8 S Main St was listed on October 03, 2026, which means it's been on the market for 38 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1893, making it approximately 133 years old.

What is the lot size of this property?

8 S Main St sits on a 0.06-acre lot, which is 2,614 square feet.

What are the property taxes for 8 S Main St?

The most recent public record shows annual property taxes for 8 S Main St were approximately $11,991. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 8 S Main St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 10, 2026 at 12:54AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12775814