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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    115 Market St, Somonauk, IL 60552-3225

    0.33 ac lot
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US28-1202921
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Peddlers Den, Inc. (Bike/Boat/Book/etc) Store
    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
    Adan Arriaga · 5 yrs held
    Adan Arriaga
    since 2021
    Last sale
    $455,000
    5 recorded transactions
    2021
    2020
    2013
    2007
    $455,000
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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