Your complete guide to business transactions in the Fox River Valley. Market insights, local regulations, and expert resources.
Algonquin is a rapidly growing village in McHenry and Kane Counties, situated along the scenic Fox River. With a population of over 32,000 and a thriving commercial sector, Algonquin offers excellent opportunities for business buyers and sellers in the northwest suburbs.
The village has experienced significant growth over the past two decades, with new retail developments, professional services, and healthcare facilities. Major employers include Algonquin-based businesses along Randall Road corridor and the growing Algonquin Commons shopping area.
| Metric | Value |
|---|---|
| Population | 32,000 |
| Total Businesses | 1,800+ |
| Average Business Sale Price | $265,000 |
| Median Time to Sell | 8 months |
| Top Industries | Retail, Healthcare, Restaurants, Professional Services, Home Services |
| Region | McHenry County / Fox River Valley |
Algonquin's growing population and strong retail corridors create consistent demand for quality businesses. Here's what you need to know about selling in the Algonquin market:
Algonquin offers excellent opportunities for business buyers, particularly in retail, services, and healthcare sectors. Here's what buyers should know:
Randall Road corridor and Algonquin Commons shopping.
Medical practices serving growing population.
Diverse dining options from casual to upscale.
Accounting, legal, and consulting services.
Landscaping, HVAC, and home improvement.
Gyms, yoga studios, and wellness centers.
Algonquin offers a growing population, affluent demographics, lower operating costs than closer-in suburbs, and strong retail corridors. The village's family-oriented community supports diverse business types.
The Randall Road corridor continues to be a strong retail destination, drawing shoppers from throughout McHenry and Kane Counties. Businesses along this corridor benefit from high traffic and visibility.
Healthcare services, family-oriented retail, restaurants, and home services are particularly in demand. The growing population creates opportunities for businesses serving families and homeowners.
Yes, SBA loans are available through McHenry County lenders. Local community banks often provide competitive terms for business acquisitions. Seller financing is also common in this market.
Get expert guidance for your Algonquin business transaction.