1238-1240 Karl Ct, Wauconda, IL 60084
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.