139 Liberty StWauconda, IL 60084

Property Details for 139 Liberty St

Year built

2004

Construction

FRAME

Lot size

0.24 AC

Property size (Sq ft)

1,086 SF

Property type

Investment properties

Property subtype

Live-work space

APN

09-25-302-022

APU

925302022

Description

This exceptional mixed-use property in Wauconda, Illinois, presents a unique investment opportunity. The offering encompasses two distinct buildings situated on a single lot at 139 E Liberty Street. The first building is a charming, two-story standalone structure currently operating as a thriving flower shop. A standout feature of the flower shop is its impressive volume ceilings, creating an airy and spacious atmosphere, with a second-level overlook providing additional visual interest and potential display space. The second building is a 1.5-story, two-flat residential structure. Each apartment boasts a full kitchen equipped with modern appliances, including dishwashers, enhancing their appeal to tenants. The first-floor apartment offers two bedrooms, while the second-floor unit provides one bedroom. The property's total square footage is 4,271 square feet, offering ample space for both commercial and residential uses. The combined commercial and residential components present excellent income potential, making this an attractive investment for discerning buyers seeking a diversified portfolio. This property is being offered at $395,000 and represents a rare chance to acquire a well-established, income-generating asset in a desirable Wauconda location. The property is situated on a lot with zero acres.

• CAP approach

  CAP return

  Valuation

  6%

  $196,090

  6.5%

  $181,006

  7%

  $168,077

• Comparable approach

  Method

  Valuation

  Relative Method

  $110,254

  Geo Method

  $141,452

• Alternative Use

  Use

  Valuation

  Residential

  $224,448

  Hospitality

  $205,593

  Educational

  $171,051

  Medical

  $176,934

  Retail

  $266,079

Location Insight

City

Wauconda

County

Lake

State

Illinois

Latitude

42.2598

Longitude

-88.1382

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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