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316 S Main Street Wauconda, IL 60084
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Key Details
Sold Price $300,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,982 sqft
Price per Sqft $100
MLS Listing ID 11678981
Sold Date 12/07/22
Year Built 1963
Annual Tax Amount $10,521
Tax Year 2021
Lot Dimensions 67X157X86X133
Property Description
SOLD BEFORE PROCESSING. GET READY TO MAKE YOUR HARD EARNED MONEY WORK FOR YOU IN 2022! 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! Property is in good condition and totally up to code. More importantly, this outstanding investment opportunity can easily be converted to four units in the future 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), plus one tidy 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!
Location
State IL
County Lake
Zoning OFFIC
Interior
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace Y
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
View Y/N true
Roof Type Composition
Building
Foundation Brick/Mortar, Stone
Structure Type Wood Frame
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Bought with Stewart Ramirez • E- Signature Realty