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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.
Highlights
SBA 504 financing available for owner-occupied purchase.
Mixed-use property with high visibility on Route 72/Main Street in West Dundee, IL, near Grafelman Park Tennis Courts.
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Contacts
Sergio Lopez
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509 Main St, West Dundee, Illinois, 60118
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.