316 South Main Street

Wauconda, IL 60084

$379,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Mixed-use, income-producing three-unit property, plus one apartment. Currently fully rented with stable tenants. The property is in great condition, occupied by a hair salon, nail salon, and Farmer's Insurance agency, along with one rental apartment. Located in the heart of downtown Wauconda's business district, a thriving community boasting a unique mix of retailers and industry. Close to popular restaurants and bars, as well as Bang's Lake for summer fun, the Park District, and the library. Conveniently...Mixed-use, income-producing three-unit property, plus one apartment. Currently fully rented with stable tenants. The property is in great condition, occupied by a hair salon, nail salon, and Farmer's Insurance agency, along with one rental apartment. Located in the heart of downtown Wauconda's business district, a thriving community boasting a unique mix of retailers and industry. Close to popular restaurants and bars, as well as Bang's Lake for summer fun, the Park District, and the library. Conveniently situated across the street from the police station, with ample parking and easy access for all customers. This well-maintained and fully updated commercial property is a rare find.
  1. Listed by Pietro Losacco • New Concept Realty

Property Details for 316 South Main Street

Area
Wauconda
Township
Wauconda
Num of Interior Fireplaces
0
Zoning
OFFIC

Location

Listing Courtesy of New Concept Realty
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LISTING UPDATED: 05/20/2024 12:07 AM

Property Details for 316 South Main Street

StatusActive
MLS #12055416
Days on Market27
Taxes$10,521 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1963
Lot Size0.23 AC / 10,019 SF
CountyLake County

Location

Listing Courtesy of New Concept Realty
Add your commute

Building Information for 316 South Main Street

Stories-Residences4Year Built1963Lot Size0.23 AC / 10,019 SF

Payment Calculator

$2,945 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,068

Property Taxes

$877

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 316 South Main Street

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
  • Open Parking Spaces: 20.0
Location and General Information
  • Frontage Type: County Road
  • Geographic Locale: Northwest Suburban
  • Information: Show-Call Listing Office,No Sign on Property
Taxes and HOA Information
  • Estimated Tax/Sf: 3.4
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
  • Flooring: Carpet, Vinyl
  • # Of Washers: 0
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • # Of Window/Ac: 0
  • # Of Refrigerators: 1
  • Washer/Dryer Lsd: No
  • Misc Inside: Accessible Washroom/s,Inside Corridor/s,Public Restroom/s,Basement
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
  • Water Drainage: Storm Sewers
  • Misc Outside: Accessible Entrance,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 67X157X86X133
  • Lot Size Square Feet: 10019.0
  • Stories: 2
  • Exterior Building Type: Vinyl Siding
  • Construction: Wood Frame
  • Roof Type: Composition
  • Fire Protection: Alarm On Site,Smoke or Fire Protectors,Sprinklers-Wet,Carbon Monoxide Detector(s)
  • Roof Structure: Gable,Pitched,Truss
  • Foundation Details: Brick/Mortar, Stone
  • Building Area Total: 2982
  • Manufacturing SqFt: 0
  • # Of Offices: 1
  • Office SqFt: 2000
  • Other SqFt: 875
  • Retail SqFt: 0
  • # Of Ranges: 1
  • # Of Stores: 2
  • Warehouse SqFt: 0
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Office and Research
  • Buyer Financing: Conventional
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 6
  • Estimated Cam/Sf: 0
Miscellaneous
  • Location: Central Business District,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $780.00
  • Fuel Expense: $420.00
  • Gross Income: $50,400.00
  • Gross Scheduled Income: $50,400.00
  • Insurance Expense: $2,838.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: None Known,Option to Lease
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Actual
  • Net Operating Income Year: 2023
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 4200
  • Water Expense Source: Actual
  • Net Operating Income: $33,313.00
  • Operating Expense: $17,087.00
  • Other Expense: $1,400.00
  • Trash Expense: $288.00
  • Water Sewer Expense: $840.00

Property History for 316 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 316 South Main Street

Taxable ValueLand$37,366Additions$66,111Total$103,477
Tax Record2023$10,835 ($903 / month)
Home Facts
Baths4Total Finished SqFt2,982 SqFtAbove Grade Finished SqFt2,982 SqFtStories1Lot Size10,019 SqFtStyleOffice BuildingYear Built1935Year Renovated1963CountyLAKEAPN09-25-307-048

Schools near 316 South Main Street

This home is within Wauconda Community Unit School District 118.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 5
Rating
School
Distance
Wauconda Grade School
PublicPK to 5

Wauconda Middle School
Public6 to 8

Wauconda High School
Public9 to 12

Transfiguration School
PrivatePK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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316 South Main Street is a mixed use property for sale in Wauconda, IL 60084. This property was listed for sale on May 14, 2024 by New Concept Realty, it's currently listed at $379,000. It has been on the market for a total of 27 days and was last sold on December 7, 2022. This listing's school district is Wauconda Community Unit School District 118. Nearby schools include Wauconda Grade School, Wauconda Middle School and Wauconda High School. 316 South Main Street is a 0-bed, 0-bath, mixed use property built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of New Concept Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/20/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.