Prime Multi-Family Development Opportunity in Algonquin's Central Business District (Old Town Zoning District). Situated at the SWC of Route 31 Bypass & Main Street, the subject parcel consists of 1.87 acres with 600' of frontage along the bypass. Zoned O-T (Old Town) with all utilities to site. Village support for multi-family market rate apartments, townhomes, condominiums, assisted living, senior housing. Village is desirous of having higher density residential to support restaurant & retailers in the historic central business district. Previous development plans inlcuded 60 units of condominiums with preliminary approval from the Village. Surrounding acreage owned by the Village and may be available contingent on proposed development plans.
Closed
$300,000
602 S Main St, Algonquin, IL 60102
--beds
--baths
1.87Acres
Unimproved Land
Built in ----
1.87 Acres Lot
$-- Zestimate®
$--/sqft
$1,865 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,865/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: December 22, 2023 at 12:04am
Listing courtesy of:
Timothy Billimack 815-355-0196,
Blue Chip Commercial Real Estate
Bought with:
Robert Byrgiel
CENTURY 21 New Heritage West
Source: MRED as distributed by MLS GRID,MLS#: 11817307
Facts & features
Property
Features
- Frontage length: 596.9
Lot
- Size: 1.87 Acres
- Dimensions: 596.9X170
Details
- Parcel number: 1933227032
- Special conditions: None
Utilities & green energy
- Water: Municipal Water
- Utilities for property: Natural Gas Available
Community & neighborhood
Location
- Region: Algonquin
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2023 | Sold | $300,000-23.1% |
Source:  MRED as distributed by MLS GRID #11817307 Report a problem | ||
| 9/5/2023 | Contingent | $390,000 |
Source: MRED as distributed by MLS GRID #11817307 Report a problem | ||
| 6/26/2023 | Listed for sale | $390,000-40% |
Source: MRED as distributed by MLS GRID #11817307 Report a problem | ||
| 3/15/2022 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11027895 Report a problem | ||
| 5/5/2021 | Listed for sale | $650,000+18.2% |
Source: MRED as distributed by MLS GRID #11027895 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,982 +4.5% | $114,820 +11.8% |
| 2023 | $8,597 -38.2% | $102,692 -36.7% |
| 2022 | $13,911 +3.7% | $162,211 +7.3% |
Find assessor info on the county website
Neighborhood: 60102
Nearby schools
GreatSchools rating
- 10/10Eastview Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 6/10Algonquin Middle SchoolGrades: 6-8Distance: 0.7 mi
- NAOak Ridge SchoolGrades: 6-12Distance: 4 mi
Schools provided by the listing agent
- District: 300
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Illinois
- McHenry County
- Algonquin
- 60102
- 602 S Main St