115 Market StSomonauk, IL 60552

Property Details for 115 Market St

Lot size

0.33 AC

Property type

Commercial real estate

APN

18-32-481-019

APU

1832481019

Description

This stunning brick commercial building, located at 115 W Market Street in the heart of Somonauk, IL, presents a unique investment opportunity. The property boasts approximately 2,500 square feet of space, spread across two stories. Recent upgrades include a brand-new furnace and water heater, extensive electrical work, updated paint and flooring in the apartments, along with renovated kitchens and new appliances. The main floor offers approximately 1,230 square feet of versatile commercial space, featuring impressive 11-foot ceilings, a half-bath, and a dedicated workroom. Large vintage windows and a grand front door add to the building's character and charm. The expansive layout allows for flexible design to suit a variety of business needs. A full basement provides additional square footage, ideal for storage, a showroom, workspace, or other uses. Adding to the income potential, the property includes two updated, spacious one-bedroom apartments, currently ready for occupancy. High rental demand in the area ensures consistent occupancy. Tenants are responsible for their own gas and electric utilities

• Alternative Use

  Use

  Valuation

  Residential

  $2,983,958

  Hospitality

  $2,733,289

  Educational

  $2,274,064

  Medical

  $2,352,273

  Retail

  $3,537,434

Location Insight

City

Somonauk

County

Dekalb

State

Illinois

Latitude

41.6335

Longitude

-88.6822

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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