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Listed by Tami Hamiltonof @properties Christie's International Real Estate
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Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12688716
Year Built 1900
Annual Tax Amount $12,199
Property Sub-Type Mixed Use
Property 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, 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, signing & 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. 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.
Location
State IL
County Lake
Interior
Fireplace N
Exterior
View Y/N true
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com