This exceptional property presents a prime opportunity for a savvy multifamily/mid-rise investor. With 10 units offering versatile living spaces, this historic gem, originally built in 1920 and thoughtfully updated in 2019, stands as a testament to enduring quality. Zoned INC and enjoying full occupancy, this investment promises immediate returns. Investors seeking a lucrative addition to their portfolio will appreciate the stability, appeal, and potential for further growth offered by this meticulously maintained property.
Take a look at this beautiful brick commercial building in downtown Somonauk. This grand 2 story structure has just had a new furnace installed, as well as a new water heater, and lots of electrical work. Along with updated paint and flooring in the apartments also Updated kitchens and new appliances. The main floor features 11ft ceilings and is approx. 1230 sf. With a half bath and workroom. A Great Vintage large front door and windows. This is a huge space, so you can design the space for your needs. And with the full basement you have even more space if needed for showroom, work space, storage, whatever you need. The two updated spacious 1 bedroom apartments, are ready for occupancy and with the shortage of rentals in the area, keeping these rented should not be an issue. Tenants pay their own gas and electric. Water and sewer on one meter.
Unique offering in Somonauk! Previously used as the Bus Barn for the Church this property offers a great space for your needs. Building 1 39' wide x 44' deep insulated and able to be heated. Concrete floor. 3 overhead Doors 12' wide x 14' tall. South Building 1 addition 29' wide x 39' deep. 14' wide x 12' tall overhead door. Concrete floor. Building 3 older Pole Building. 22' wide x 45' deep. Gravel Floor. Sliding Doors 11' x 11'. Property is currently not zoned. For business different that what the property has been being used for will require special use permit issued by the Village of Somonauk. Tons of potential! Come and take a look!
The median home value in Somonauk, IL is $248,000. This is higher than the county median home value of $225,800. The national median home value is $338,100. The average price of homes sold in Somonauk, IL is $248,000. Approximately 65.54% of Somonauk homes are owned, compared to 27.97% rented, while 6.5% are vacant. Somonauk real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Somonauk real estate agent to arrange a tour today!
Somonauk, Illinois has a population of 1,757. Somonauk is more family-centric than the surrounding county with 33.12% of the households containing married families with children. The county average for households married with children is 31.37%.
The median household income in Somonauk, Illinois is $72,500. The median household income for the surrounding county is $64,019 compared to the national median of $69,021. The median age of people living in Somonauk is 38.3 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 13.5 degrees. The average rainfall is approximately 38 inches per year, with 29.2 inches of snow per year.