Village seeks proposals for redevelopment of former Algonquin State Bank site
Algonquin village officials are seeking proposals to redevelop the former Algonquin State Bank property at 221 S. Main St. in downtown.
As part of the village’s commitment to revitalizing Old Town Algonquin, the historic site is envisioned as a cornerstone in the ongoing transformation of Algonquin’s Main Street corridor.
The village encourages proposals that will transform the existing building or develop a new structure, with a focus on creating a high-quality restaurant space that complements the unique character of Main Street, according to a press release.
“This project reflects our long-term vision for Old Town Algonquin,” Village President Debby Sosine said in the release. “We’re looking for creative ideas that will enhance the overall experience of Main Street and attract more visitors to our community. The newly constructed Washington Street, with a shared street concept for outdoor events, makes this an exciting opportunity for prospective developers and our residents alike.”
The property includes a 5,900-square-foot former bank building, located next to public parking and several downtown amenities. The village recently has invested in significant infrastructure improvements, creating a more pedestrian-friendly environment ideal for community gatherings, festivals, and outdoor dining.
For more information on the Request for Qualifications and project details, visit www.aplusalgonquin.com/RFP. Proposals are due by Nov. 22.