John Ruhl
- Buy
- Sell
Description
RARE OPPORTUNITY to own one of Downtown Algonquin's Signature Investment properties - The Columbia Hall Building. A landmark mixed use investment property in the heart of Downtown Algonquin, Built in 1892 this well maintained property blends timeless architectural character with modern improvements, creating an exceptional opportunity for investors and/or owner-users alike. This property features 6 residential apartments upstairs and 2 commercial storefronts providing diversified income potential in the Fox River area's most desirable location. One of the properties unique features is the approx. 2200 sq ft storefront that has intentionally kept available to provide the next owner with maximum flexibility. Whether you're looking to relocate your business to a highly visible Main Street location or lease the space to enhance future income. Improvements consist of new roof, updated windows, plumbing, electrical, updated apartments, and commercial spaces. Located near restaurants, shops, parks, McHenry Prairie Trail and the Fox River. Many events also happening in the downtown area year around. The Columbia Hall Building offers the perfect combination of historic charm, strong location and long term investment potential. OPPORTUNITES LIKE THIS ARE RARELY AVAILABLE.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1892
General Information
County: McHenry
Listed By:
RE/MAX Deal Makers
847-683-9200
MRED MLS
MLS ID: 12555887
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115 S Main Street, Unit 115-119, Algonquin, IL 60102.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,695,000 | $1,695,000 | $1,695,000 |
| Down Payment | $59,325 | $0 | $339,000 |
| Monthly Mortgage Amount | $10,383 | $10,802 | $8,571 |
| Taxes | $2359 | $2359 | $2359 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,017 | $0 | $0 |
| Monthly Estimated Total | $14,253 | $13,655 | $11,424 |
John Ruhl
REALTOR®
Cell: (563) 320-5488
NAI Ruhl Commercial
5111 Utica Ridge Road
Davenport, IA 52807
(563) 355-4000
Davenport, IA 52807
(563) 355-4000
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