208 South Main Street, Algonquin, IL

About 208 South Main Street

Mixed-Use Investment Opportunity - Fully Equipped Restaurant + Rental Income! Located in a prime, high-traffic downtown corridor steps away from the Fox River, this mixed-use commercial property offers both immediate income and long-term value. The main level features a fully operational restaurant space with a seating capacity of 58 and all major equipment included. Recent mechanical updates include a brand new 5-ton A/C installed in April 2025. The kitchen is equipped with an 8-foot griddle under a cast iron hood, a newer exhaust system, water softener, and a full security system with cameras and alarms already in place. Additionally, all inventoried items-such as an industrial-grade meat slicer and a Coca-Cola branded four-shelf refrigerator-are included in the sale. Upstairs, the property includes two residential rental units generating consistent monthly income. The two-bedroom, one-bath unit is leased through August 31. The one-bedroom, one-bath unit is leased through March 31. Each unit includes one designated parking space at the rear of the building, with two additional spots reserved for the restaurant. Street parking is also readily available for patrons and tenants alike. This building sits in a vibrant and walkable downtown area, surrounded by restaurants, retail, and local businesses. The scenic Fox River adds charm and draws steady foot traffic, making it an ideal setting for a thriving business. Whether you're an investor looking for a stable asset with upside or an owner-operator ready to walk into a turnkey setup, this property delivers on both fronts.

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