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$850,000 Just Listed
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Property Description
Prime Downtown Algonquin Location Along the Fox River! Discover a unique commercial opportunity in the heart of Historic Downtown Algonquin, ideally situated along the scenic Fox River. This vibrant area has experienced significant revitalization in recent years, creating exciting opportunities for restaurants, retail, office space, entertainment, and a variety of other businesses. This well-established building has been home to a longtime, successful Restaurant & Bar and offers an exceptional turnkey opportunity for an owner-user or investor. The beautifully remodeled interior features comfortable booths and tables with seating for 90+ guests, a dedicated video gaming room, basement space, and two modern second-floor apartments providing excellent potential for additional rental income. Additional highlights include a newer roof installed in 2019 and the opportunity to purchase the building, business equipment, and restaurant furnishings together, allowing a new owner to step into an established operation or create a new concept in one of Algonquin's most desirable and revitalized locations. Whether you're looking to continue with your own the restaurant and bar operation, introduce a new dining or entertainment concept, or capitalize on the property's mixed-use potential, this is an opportunity worth exploring. Prime location. Established presence. Multiple income possibilities. Exceptional potential. The current owner is not selling the business but relocating their business and is offering this unique opportunity for the sale of the building only. Contact the listing agent for additional information and details.
Full Property Details
Full Property Details for 205 S Main St
General
- Price: $850,000
- Taxes: $15,017 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12731199
Interior
- Interior Features: Accessible Washroom/s, Private Restroom(s), Basement
Additional Information
- Security/Safety: Alarm Monitored, Alarm on Site, Fire Extinguisher(s)
Location
- Area: Algonquin
- County: McHenry
- Township: Algonquin
- Driving Directions: Algonquin Road Business District between Washington Street and Route 62/Algonquin Road
- Location Details: Northwest Suburban, Central Business District, Mixed-Use Area, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Trash: 5000
- Onsite: Electricity to Site, Natural Gas Available
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Square Feet: 4,400
- Current Bldg. Use: Commercial
- Year Built: 1902
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,432
- Lot Dimensions: 26 x 132
- Frontage: City Street, Public Road
- Drainage: Floor Drains
- Potential Use: Retail
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $14,000
- Security Deposit: Alarm Monitored, Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1902
- Tax Amount: $15,017
- Tax Year: 2025
- Tenant Pays: Electricity, Heat
- Pays Electric: 2500
- Pays Trash: 5000
Disclosures and Reports
- Property ID: 1934107009
Listed by RE/MAX Suburban
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Schools
Schools serving 205 S Main St
School District:Community Unit School District 300
| Name | Grades | Distance |
|---|---|---|
Eastview Elementary School, Algonquin, IL 540 Longwood Drive, Algonquin, IL 60102 | K-5 | 0.7 mi |
Algonquin Middle School, Algonquin, IL 520 Longwood Drive, Algonquin, IL 60102 | 6-8 | 0.7 mi |
Oak Ridge School 300 Cleveland Avenue, Carpentersville, IL 60110 | 9-12 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 205 S Main St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,116
4%
$180,450
12%
2023
$13,510
100%
$161,390
11%
2022
-100%
$145,659
7%
2021
$12,041
—
$135,699
4%
2021
$12,041
5%
$130,895
4%
2019
$11,504
15%
$125,282
8%
2018
$9,983
5%
$115,734
6%
2017
$9,521
-11%
$109,029
7%
2016
$10,754
18%
$102,260
7%
2015
$9,132
-6%
$95,911
5%
2014
$9,748
2%
$91,370
-4%
2013
$9,567
2%
$95,396
-6%
2012
$9,411
—
$101,691
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 205 S Main St
205 S Main Street, Algonquin, IL 60102 (MLS# 12731199) is a Commercial property. 205 S Main Street is currently listed for $850,000 and was received on August 12, 2026. Want to learn more about 205 S Main Street? Do you have questions about finding other Commercial real estate for sale in Algonquin? You can browse all Algonquin real estate or contact a Coldwell Banker agent to request more information.

