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    315 Lafayette St Somonauk, IL 60552

    Sponsored
    For Sale
    $250,000

    Versatile 3,837 sq ft building on 0.29 acres.

    Property size:
    3,837 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This unique Somonauk property, previously a church bus barn, presents a compelling investment opportunity. The main building, measuring 39' wide x 44' deep, boasts a 3,837 square foot footprint and features insulated walls, heating capabilities, a concrete floor, and three 12' wide x 14' tall overhead doors. A 29' wide x 39' deep addition includes a 14' wide x 12' tall overhead door and concrete flooring. A third structure, an older pole barn measuring 22' wide x 45' deep, offers additional space with a gravel floor and 11' x 11' sliding doors. The 0.29-acre lot provides ample room for expansion or outdoor storage. The property is currently unzoned, meaning any business use differing from its previous function will require a special use permit from the Village of Somonauk. This presents a blank canvas for a variety of commercial ventures, from storage and workshops to light manufacturing or other suitable uses. The substantial size and versatile layout offer significant potential for a discerning buyer. Explore the possibilities and envision your business thriving in this adaptable space. Don't miss this chance to acquire a unique property with immense potential in a growing community.

    Property Features for 315 Lafayette St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,837 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Somonauk
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.67905
    Latitude
    41.636

    Nearby Comparable

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    Nearby Similar for Sale

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      Multifamily Property in Somonauk, IL

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile 3,837 sq ft building on 0.29 acres.
    Where is this commercial real estate located?
    The property is located at 315 Lafayette St Somonauk, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    (815) 756-2557
    Request Owner's contact information
    315 Lafayette 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
    315 Lafayette St Somonauk, IL 60552
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