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    316 S Main Street S

    Wauconda, IL 60084
    • $375,000
    • STATUS: Active
    • ON SITE: 63 days
    • MLS #: 11014728
    UPDATED: 49 min ago
    $375,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,982
      SQFT
    • $126
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Description

    How about you make your hard earned money work for you in 2021? Here is an absolutely INCREDIBLE opportunity to own a mixed-use, income producing, three unit property! Currently FULLY rented, the tenants are stable, long established businesses with solid rental histories. That means you can buy with confidence and look forward to immediate cash flow! Mint condition and totally up to code- No work needed here. More importantly, this outstanding property can easily be converted to four units if the owner would like to use a unit for themselves. Right now, the building houses three successful businesses (a hair salon, nail salon, and Farmer's Insurance Agency) and one rental apartment. Perfectly located in the heart of downtown Wauconda's business district, which is thriving community boasting a unique mix of retailers, industry, and service providers all focused on the economic development of their village! Close to popular restaurants and bars, summer fun at Bang's Lake, the Park District, library, literally across the street from the police station, and a short walk to Dairy Queen for delicious ice cream delights :) Tons of parking and space for easy access for all customers. Lovingly maintained and fully updated commercial properties like this are rare and hard to come by, so see this one soon before it's gone!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-12T06:58:14.8 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    316 S Main Street S Wauconda, IL 60084

    • Price: $375,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 11014728
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    2,982
    SQFT
    $126
    $/SQFT
    1963
    Built
    Neighborhood:
    Wauconda
    County:
    Lake
    Area:
    Wauconda
    Property Description
    How about you make your hard earned money work for you in 2021? Here is an absolutely INCREDIBLE opportunity to own a mixed-use, income producing, three unit property! Currently FULLY rented, the tenants are stable, long established businesses with solid rental histories. That means you can buy with confidence and look forward to immediate cash flow! Mint condition and totally up to code- No work needed here. More importantly, this outstanding property can easily be converted to four units if the owner would like to use a unit for themselves. Right now, the building houses three successful businesses (a hair salon, nail salon, and Farmer's Insurance Agency) and one rental apartment. Perfectly located in the heart of downtown Wauconda's business district, which is thriving community boasting a unique mix of retailers, industry, and service providers all focused on the economic development of their village! Close to popular restaurants and bars, summer fun at Bang's Lake, the Park District, library, literally across the street from the police station, and a short walk to Dairy Queen for delicious ice cream delights :) Tons of parking and space for easy access for all customers. Lovingly maintained and fully updated commercial properties like this are rare and hard to come by, so see this one soon before it's gone!
    Exterior Features

    Construction Materials Wood Frame Docks None Foundation Details Brick/MortarStone Frontage Type County Road Location Central Business DistrictPublic Transport Avail Miscellaneous Outside Handicapped AccessStorms And Screens (As Exist) Outdoor Parking 19-30 Spaces Parking Total 20 Roof Composition Roof Structure GablePitchedTruss

    Interior Features

    Cooling Central Air Electric Circuit BreakersSeparate Meters0-100 Amps Fire Protection Alarm On SiteSmoke Or Fire ProtectorsSprinklers-WetCarbon Monoxide Detector(S) Fireplaces Total 0 Flooring CarpetVinyl Heat Ventilation Central Heat/Indiv ControlsForced Air Miscellaneous Inside Handicapped Equip Washroom/SInside Corridor/SPublic Restroom/SBasement Number Of Apts 1 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 0 Number Of Offices 2 Number Of Ranges 1 Number Of Refrigs 1 Number Of Stores 2 Number Of Washers 0 Number Of Window Ac 0

    Property Features

    Additional Parcels YN Yes Built Before1978 YN Yes Cap Rate 6.78 Electric Expense 780 Existing Lease Type Gross Expense Year 2020 Exterior Building Type Vinyl Siding Fuel Expense 420 Geographic Locale Northwest Suburban Gross Income 43800 Gross Scheduled Income 44400 Insurance Expense 2838 Known Encumbrances None KnownOption To Lease Lot Size Dimensions 67X157X86X133 Net Operating Income Year 2020 Number Of Tenants 3 Operating Expense 17257 Other Expense 3140 Owners Assoc YN No Possible Use CommercialOffice And Research Tax Annual Amount 10151.4 Tax Year 2019 Tenant Pays Air ConditioningHeat Total Actual Rent 3650 Total Monthly Income 3700 Trash Expense 288 Unincorporated YN No Utilities Electric To SiteGas To SiteSanitary SewerWater-MunicipalWater To Site Washer Dryer Leased YN No Water Drainage Storm Sewers Water Sewer Expense 840 Zoning Offic

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of E- Signature Realty.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-12T06:58:14.8 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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