509 Main StWest Dundee, IL 60118

This attractive mixed-use property, located at 509 W Main St, West Dundee, IL 60118, presents a compelling investment opportunity. The 2,248 square foot building, constructed in 1891 and renovated in 2017, sits on a 0.21-acre lot and boasts 18 parking spaces. Zoned for general commercial use, it offers a blend of residential and commercial space. The first floor encompasses 1,124 square feet of office space, currently generating $2,700 per month in rental income (or suitable for owner-occupancy). The second floor features apartments generating $1,550 per month in short-term rental income. The property's high visibility on Route 72/Main Street, adjacent to Grafelman Park Tennis Courts, ensures strong tenant demand. For owner-occupied purchases, SBA 504 financing is available. The estimated monthly payment (PITI), including principal, interest, taxes, and insurance, is approximately $3,003 (with an approximate $2,300 P&I payment, $561 in property taxes, and $142 in insurance). This two-story building offers a unique chance to combine business operations with lucrative rental income streams, making it an ideal investment for both owner-users and investors. The property features one building with a total of 2,248 square feet of net rentable space.