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    OFF-MARKET
    Commercial real estate

    315 Lafayette St, Somonauk, IL 60552

    3,837 SF 0.29 ac lot Built 1960
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Year built 1960
    Total area 3,837 SF
    Lot 0.29 ac (12,632 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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