Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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