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$ 995,000
Est. payment | /mo
8,645 SqFt
$ 995,000
Est. payment | /mo
8,645 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,645 sqft
Price per Sqft $115
MLS Listing ID 12260571
Year Built 1861
Annual Tax Amount $25,173
Tax Year 2023
Lot Dimensions COMMON
Property Description
Incredible investment opportunity in the heart of downtown Wauconda-ideal for a 1031 exchange! This 6/7 leased mixed-use property on Main Street is now available, offering immediate income potential. The building features three retail storefronts, all occupied by long-term tenants, and four apartments on the second floor. The residential units include two updated two-bedroom apartments-one fully remodeled with in-unit laundry-and two one-bedroom apartments, one fully updated and the other in excellent condition. Many tenants are repeat renters, providing stable and proven income. Additionally, the property is part of Wauconda's Facade Improvement Grant program, allowing for further exterior upgrades. Financials are available upon request. Don't miss this rare opportunity to own a prime, income-producing property in a thriving downtown location!
Location
State IL
County Lake
Area Wauconda
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet, Wood, Other
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
Roof Type Composition
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick
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Listed by Kim Alden • Compass
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Alan Berlow
REALTOR | Lic# 475125930