Property profile

115 Market St Somonauk, IL 60552

OFF-MARKET
Commercial real estate
Property ID
US28-1202921
0.33 ac lot
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This stunning brick commercial building, located at 115 W Market Street in the heart of Somonauk, IL, presents a unique investment opportunity. The property boasts approximately 2,500 square feet of space, spread across two stories. Recent upgrades include a brand-new furnace and water heater, extensive electrical work, updated paint and flooring in the apartments, along with renovated kitchens and new appliances. The main floor offers approximately 1,230 square feet of versatile commercial space, featuring impressive 11-foot ceilings, a half-bath, and a dedicated workroom. Large vintage windows and a grand front door add to the building's character and charm. The expansive layout allows for flexible design to suit a variety of business needs. A full basement provides additional square footage, ideal for storage, a showroom, workspace, or other uses. Adding to the income potential, the property includes two updated, spacious one-bedroom apartments, currently ready for occupancy. High rental demand in the area ensures consistent occupancy. Tenants are responsible for their own gas and electric utilities

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.33 ac (14,438 SF)
APN 18-32-481-019
UPID US28-1202921

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

115 Market St Somonauk, IL 60552-3225
Somonauk metro Census 1900 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2021
Last sale
$455,000
5 recorded transactions
2021
Price N/A
2020
Price N/A
2013
Price N/A
2007
$455,000
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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