201-203 S Main Street, Wauconda, IL 60084

$995,000

bedrooms

bathrooms

square feet

8,645

Acreage

Open Houses

year built

1861

Full Baths

Half Baths

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Incredible investment opportunity in the heart of downtown Wauconda-ideal for a 1031 exchange! This 6/7 leased mixed-use property on Main Street is now available, offering immediate income potential. The building features three retail storefronts, all occupied by long-term tenants, and four apartments on the second floor. The residential units include two updated two-bedroom apartments-one fully remodeled with in-unit laundry-and two one-bedroom apartments, one fully updated and the other in excellent condition. Many tenants are repeat renters, providing stable and proven income. Additionally, the property is part of Wauconda's Facade Improvement Grant program, allowing for further exterior upgrades. Financials are available upon request. Don't miss this rare opportunity to own a prime, income-producing property in a thriving downtown location!

Location
Subdivision	-
County	Lake
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 12260571

Listing agent: Kim Alden #475122036

Listing broker: Compass Real Estate

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Last update: Wednesday, January 15 2025 at 3:10 a.m. EST

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