Located just a few miles from Lake Holiday! 100% Occupied! Unique Mixed-Use Property with additional income potential in Somonauk, IL. Discover an exceptional opportunity to own this two-story building as a versatile investment that includes three apartments, three office storefronts, and eight garage storage units. The apartments, each featuring 1 bedroom, 1 bathroom, laundry facilities, and an open-concept living room and kitchen, are designed for comfortable living. They offer both a main entrance with stairs or chair lift access and individual entrances from the upper deck. Notably, all apartments and offices are equipped with a 2-hour fire rating, ensuring safety and security. The retail/office spaces come with dedicated bathrooms and have been tailored to the unique needs of their current occupants, making this property suitable for various business ventures. Ample parking space for up to 26 cars is provided in the expansive concrete parking lot. All apartments, offices, and garages are fully occupied, having maintained a continuous rental history. Current rental rates are below the market average, offering a compelling opportunity for increased income and return on investment. Enjoy this low maintenance investment w newer improvements included-new roof, siding, deck (2023) and 3 newer patio sliding doors, 3 furnaces, 4 hot water heaters replaced in approx (2021). This is an excellent addition to your investment portfolio, offering both immediate rental income and potential for future growth.
Somonauk is located in Illinois. Somonauk, Illinois has a population of 2,133. Somonauk is more family-centric than the surrounding county with 38.57% of the households containing married families with children. The county average for households married with children is 31.65%.
The median household income in Somonauk, Illinois is $59,375. The median household income for the surrounding county is $58,343 compared to the national median of $57,652. The median age of people living in Somonauk is 34.7 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 12.6 degrees. The average rainfall is approximately 37 inches per year, with 31.6 inches of snow per year.