Property profile

316 Main St Wauconda, IL 60084

OFF-MARKET
Investment properties
Property ID
US28-2271719
2,982 SF 0.23 ac lot Built 1935
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 316 S Main Street S in Wauconda, Illinois, presents a unique investment opportunity. The 2,982 square foot building comprises three commercial units and one residential apartment, all currently leased to stable tenants, generating consistent income. The commercial spaces are occupied by a thriving hair salon, a nail salon, and a Farmer's Insurance agency, reflecting the strong tenant base and diverse business mix in the area. The residential apartment adds to the overall income stream. Situated in the heart of Wauconda's vibrant downtown business district, the property benefits from high visibility and foot traffic. Its proximity to popular restaurants, bars, Bang's Lake, the Park District, and the library enhances its appeal and attracts a steady flow of customers. The convenient location directly across from the police station provides an added layer of security and peace of mind. Ample parking is available, ensuring easy access for tenants and patrons alike. This meticulously maintained and fully updated property is a rare find, offering a compelling blend of commercial and residential income potential in a desirable location. The property is offered at $369,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1935
Construction FRAME
Total area 2,982 SF
Lot 0.23 ac (10,019 SF)
APN 09-25-307-048
UPID US28-2271719

Cap rate & NOI

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

Location

316 Main St Wauconda, IL 60084-1985
Wauconda metro Census 864206 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2025
Last sale
$349,500
4 recorded transactions
2025
$349,500
2023
$300,000
1969
Price N/A
1969
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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