Mary Schoon
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
This offering presents a rare opportunity to acquire two fully leased, income-producing properties along Main Street in the heart of downtown Wauconda, Illinois. The portfolio blends professional office suites, service-based retail, and residential apartments, creating diversified and stable cash flow supported by long-term tenants. Building #1 includes 5 fully leased by 3 tenants, updated, professional office suites with shared common entry with 2 lobbies and 1 bathroom. 4 office suites overlook Bangs Lake. Stable tenant base and strong appeal for boutique office users seeking a downtown setting with natural views. Recently improved driveway, landscaping, signage & retaining wall. Building #2 includes two Main Street service retail with one hair salon and one nail salon, both long term tenants. Building #2 also includes two fully leased residential apartments: 2+ BR/2 BA 1300 sq. ft apartment upstairs with huge deck that overlooks Main Street with lake views. 2 BR/1 BA 900 sq. ft. main level apartment. Both with long term tenants. New roof to be installed ASAP. Positioned steps from Bangs Lake and adjacent to destination businesses such as Lindy's Landing. The properties benefit from walkable amenities, community momentum, and ongoing downtown reinvestment initiatives. This is an opportunity to secure durable income today with multiple paths for strategic upside in a highly desirable lake-centered community. For a complete financials package, contact listing agent. DO NOT DISTURB TENANTS. A non-disclosure agreement is required as well as proof of funds.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1900
General Information
County: Lake
Listed By:
@properties Christie's International Real Estate
847-367-0500
MRED MLS
MLS ID: 12688716
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110 N Main Street, Wauconda, IL 60084.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $945,000 | $945,000 | $945,000 |
| Down Payment | $189,000 | $33,075 | $236,250 |
| Monthly Mortgage Amount | $5,093 | $6,251 | $6,174 |
| Taxes | $1315 | $1315 | $1315 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $567 | $0 |
| Monthly Estimated Total | $6,684 | $8,409 | $7,765 |
Mary Schoon
REALTOR®
Cell: (309) 737-4793
Other: (309) 737-4793
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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