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$ 895,000
$ 995,000 10.1%
Est. payment /mo
Sold on 06/23/2025
201-203 S Main ST Wauconda, IL 60084
8,645 SqFt
UPDATED:
Key Details
Sold Price $895,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,645 sqft
Price per Sqft $103
MLS Listing ID 12260571
Sold Date 06/23/25
Year Built 1861
Annual Tax Amount $25,173
Tax Year 2023
Lot Dimensions COMMON
Property Sub-Type Mixed Use
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 Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Roof Type Composition
Building
Level or Stories 2
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Kim Alden • Compass
Bought with Peter Jablonski • Worth Clark Realty
Bought with Peter Jablonski • Worth Clark Realty
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