Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    1238-1240 Karl Ct, Wauconda, IL 60084

    5,976 SF 0.33 ac lot Built 1995
    Property ID
    Property summary
    AI-generated overview

    This exceptional Wauconda, IL property presents a unique investment opportunity. Comprising two buildings situated on a 0.33-acre lot at 1238-1240 Karl Court, this property offers a combined 5,976 square feet of versatile space. The main building at 1238 Karl Court boasts approximately 2,690 square feet, complemented by a mezzanine level, adding valuable extra space. Currently leased month-to-month at approximately $1250 per month, this provides immediate income potential. The second building, located at 1240 Karl Court, offers approximately 3,286 square feet of additional space. Both buildings are well-suited for contractors or service businesses. The property also features valuable outside storage, enhancing its practicality and appeal. This property is priced competitively at $525,000 and offers significant potential for growth and return on investment. The combination of existing income, ample space, and convenient outdoor storage makes this an attractive proposition for a wide range of buyers. Don't miss this chance to acquire a well-located and versatile commercial property in the thriving Wauconda market.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1995
    Total area 5,976 SF
    Lot 0.33 ac (14,375 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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1238-1240 Karl Ct?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message