Prime Multi-Family Development Opportunity in Algonquin's Central Business District (Old Town Zoning District). Situated at the SWC of Route 31 Bypass & Main Street, the subject parcel consists of 1.87 acres with 600' of frontage along the bypass. Zoned O-T (Old Town) with all utilities to site. Village support for multi-family market rate apartments, townhomes, condominiums, assisted living, senior housing. Village is desirous of having higher density residential to support restaurant & retailers in the historic central business district. Previous development plans inlcuded 60 units of condominiums with preliminary approval from the Village. Surrounding acreage owned by the Village and may be available contingent on proposed development plans.