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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    221 Main St Wauconda, IL 60084-1827

    • Auto shops
    • 2,506 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1755877
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 221 Main St

    Year built
    1950
    Construction
    BRICK
    Lot size
    0.18 lot acres
    Property size
    2,506 SF
    Property type
    Auto shops
    APN
    09-26-400-015
    APU
    926400015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wauconda
    County
    Lake
    State
    Illinois
    Longitude
    -88.14
    Latitude
    42.2589
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,280
    $31,428
    $49,035
    $80,463
    -
    $94,293
    $147,120
    $241,413

    Comparable in this City

    • Value Estimation
      $1,385,000
      6,000 SF

      332 Main St

      AUTO REPAIR, GARAGE • 6,000 SF
      332 Main St, Wauconda, IL 60084-1941
      View Details
    • Value Estimation
      $595,000
      15,780 SF

      908 Rand Rd

      AUTO REPAIR, GARAGE • 15,780 SF
      908 Rand Rd, Wauconda, IL 60084-1168
      View Details
    • Value Estimation
      $1,080,000
      9,897 SF

      26315 Us Hwy 12

      AUTO REPAIR, GARAGE • 9,897 SF
      26315 Us Hwy 12, Wauconda, IL 60084
      View Details
    • Value Estimation by Request

      211 Liberty St, Unit G-7

      RESIDENTIAL PARKING GARAGE
      211 Liberty St, Wauconda, IL 60084-1980
      View Details
    • Value Estimation by Request
      3,186 SF

      650 Liberty St

      CAR WASH - AUTOMATED • 3,186 SF
      650 Liberty St, Wauconda, IL 60084-3405
      View Details
    • Value Estimation by Request
      609 SF

      308 Liberty St

      SERVICE STATION WITH FOOD MART • 609 SF
      308 Liberty St, Wauconda, IL 60084-2443
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Restaurant and Bar For Sale

      Restaurant and bar with high visibility and outdoor patio.
      26400 North Rand Rd, Wauconda, IL 60084
      View Details
    • $2,650,000
      30.05 Acres

      Wauconda Equestrian Property on 30 Acres

      30-acre equestrian property with potential for residential or commercial development.
      26011 N Rand Rd, Wauconda, IL 60084
      View Details
    • $2,300,000
      40.00 Acres

      40-Acre Wauconda Commercial Land

      Prime Wauconda land, home/office, outbuildings.
      27125 Williams Park Rd, Wauconda, IL 60084
      View Details
    • $995,000
      8,645 SF

      Downtown Wauconda Mixed-Use Investment

      High-yield, six-unit income property.
      201-203 Main St, Wauconda, IL 60084
      View Details
    • $395,000
      4,271 SF

      Wauconda Mixed-Use Investment Opportunity

      Prime Wauconda location, two-building income property.
      139 Liberty St, Wauconda, IL 60084
      View Details
    • $39,900
      0.25 Acres

      Residential Land Near Slocum Lake

      Two lots near Slocum Lake with lake and beach rights.
      28490 W Main St, Wauconda, IL 60084
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      975 SF

      Wauconda Retail Space for Lease

      Grocery-anchored center with strong tenant mix and high traffic location.
      501-587 W Liberty St, Wauconda, IL 60084
      View Details
    • Contact for pricing
      4,000 SF

      Grocery-Anchored Retail Space Available

      Dominant shopping center with high-traffic location in Wauconda, Illinois.
      505 W Liberty St, Wauconda, IL 60084
      View Details
    • Contact for pricing
      13,504 SF

      Wauconda Commercial Building for Lease

      Versatile commercial building in Wauconda's busiest corridor.
      388 W Liberty St, Wauconda, IL 60084
      View Details
    • Contact for pricing

      Wauconda Retail/Service Space Available

      Move-in ready retail/service space with high visibility and ample parking.
      388 W Liberty St Unit Ml, Wauconda, IL 60084
      View Details
    • Contact for pricing
      32,202 SF

      Wauconda Warehouse: 32,202 SF

      Spacious warehouse, ideal corporate HQ. Lake County location.
      1200 Karl Ct, Wauconda, IL 60084
      View Details
    • Contact for pricing
      32,202 SF

      Wauconda Warehouse Space Available

      32,202 sqft warehouse space for lease in Wauconda, IL.
      1200 Karl Ct, Wauconda, IL 60084
      View Details
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    221 Main St
    Wauconda, IL 60084-1827
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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