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    115 Market St Somonauk, IL 60552

    For Sale
    $250,000

    Prime Commercial Space, Two Apartments

    Property size:
    2,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This stunning brick commercial building, located at 115 W Market Street in the heart of Somonauk, IL, presents a unique investment opportunity. The property boasts approximately 2,500 square feet of space, spread across two stories. Recent upgrades include a brand-new furnace and water heater, extensive electrical work, updated paint and flooring in the apartments, along with renovated kitchens and new appliances. The main floor offers approximately 1,230 square feet of versatile commercial space, featuring impressive 11-foot ceilings, a half-bath, and a dedicated workroom. Large vintage windows and a grand front door add to the building's character and charm. The expansive layout allows for flexible design to suit a variety of business needs. A full basement provides additional square footage, ideal for storage, a showroom, workspace, or other uses. Adding to the income potential, the property includes two updated, spacious one-bedroom apartments, currently ready for occupancy. High rental demand in the area ensures consistent occupancy. Tenants are responsible for their own gas and electric utilities

    Property Features for 115 Market St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,500 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peddlers Den, Inc. Rubber Stamp Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somonauk
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.68316
    Latitude
    41.63351

    Nearby Comparable

    • New
      $479,000
      6,000 SF

      Somonauk Multifamily Investment Opportunity

      Multifamily property with 10 units, full occupancy, built in 1920.
      105 N Depot St, Somonauk, IL 60552
      View Details
    • $515,000
      6,000 SF

      Somonauk Commercial Multifamily Investment

      Ten-unit building, high occupancy, strong returns.
      105 Depot St, Somonauk, IL 60552
      View Details
    • $250,000
      3,837 SF

      Somonauk Industrial Space - Huge Potential!

      Versatile 3,837 sq ft building on 0.29 acres.
      315 Lafayette St, Somonauk, IL 60552
      View Details

    Nearby Similar for Sale

    • New
      $479,000
      6,000 SF

      Somonauk Multifamily Investment Opportunity

      Multifamily property with 10 units, full occupancy, built in 1920.
      105 N Depot St, Somonauk, IL 60552
      View Details
    • $250,000
      3,837 SF

      Somonauk Industrial Space - Huge Potential!

      Versatile 3,837 sq ft building on 0.29 acres.
      315 Lafayette St, Somonauk, IL 60552
      View Details
    • $515,000
      6,000 SF

      Somonauk Commercial Multifamily Investment

      Ten-unit building, high occupancy, strong returns.
      105 Depot St, Somonauk, IL 60552
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Commercial Space, Two Apartments
    Where is this mixed-use property located?
    The property is located at 115 Market St Somonauk, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    (815) 786-9418
    Request Owner's contact information
    115 Market St Somonauk, IL 60552
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    Somonauk, IL 60552
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Market St Somonauk, IL 60552
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