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    Property profile & analytics

    488 Liberty St Wauconda, IL 60084-2466

    • Banks
    • 4,086 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $3,380,000
    Last Sale
    Apr 04, 2024
    $3,350,000
    Location Intelligence
    Property ID
    US28-2921958
    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

    • Banks

    Property Details for 488 Liberty St

    Year built
    2008
    Construction
    BRICK
    Lot size
    1.00 lot acres
    Property size
    4,086 SF
    Property type
    Banks
    APN
    09-26-313-001
    APU
    926313001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,000,000
      6.5%
      $3,055,000
      7%
      $3,185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,075,000
      Geo Method
      $3,495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,955,000
      Retail
      $3,490,000
      Mixed-Use
      $3,120,000
      Hospitality
      $3,520,000
      Educational
      $3,960,000
      Residential Income
      $3,505,000
      Energy
      $4,055,000
      Income-Based Land
      $3,630,000
      Food Service
      $4,165,000

    Location Insight

    • Map
    • Local Demand
    City
    Wauconda
    County
    Lake
    State
    Illinois
    Longitude
    -88.1509
    Latitude
    42.2569
    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
    $34,064
    $95,295
    $171,345
    $266,640
    -
    $285,914
    $514,086
    $800,000

    Comparable in this City

    • Value Estimation
      $2,820,000
      23,803 SF

      486 Liberty St

      FINANCIAL BUILDING • 23,803 SF
      486 Liberty St, Wauconda, IL 60084-2466
      View Details
    • Value Estimation
      $595,000
      15,999 SF

      214 Brown St

      FINANCIAL BUILDING • 15,999 SF
      214 Brown St, Wauconda, IL 60084
      View Details
    • Value Estimation by Request
      4,000 SF

      505 Liberty St

      FINANCIAL BUILDING • 4,000 SF
      505 Liberty St, Wauconda, IL 60084-2470
      View Details
    • Value Estimation
      $4,105,000
      2,460 SF

      472 Liberty St

      FINANCIAL BUILDING • 2,460 SF
      472 Liberty St, Wauconda, IL 60084-2466
      View Details
    • Value Estimation by Request
      6,050 SF

      216 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,050 SF
      216 Main St, Wauconda, IL 60084-1884
      View Details
    • Value Estimation
      $535,000
      9,860 SF

      28870 Old Rand Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,860 SF
      28870 Old Rand Rd, Wauconda, IL 60084
      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
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    • $2,650,000
      30.05 Acres

      Wauconda Equestrian Property on 30 Acres

      30-acre equestrian property with potential for residential or commercial development.
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    • $39,900
      0.25 Acres

      Land Near Slocum Lake

      Land with lake and beach rights near community dock.
      28490 W Main St, 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

    Similar Nearby for Lease

    • 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
      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
      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
      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

    Property Visit Statistics

    • Visits by month
      14.7k
    • Visitors by month
      8.7k
    • Avg Time on site
      7 min
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    Wauconda, IL 60084-2466
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    Realmo Value Estimation

    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.

    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.

    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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