Essex Realty Group, LLC is pleased to present 213 S Main Street, a mixed-use property located in the heart of Downtown Wauconda, Illinois. The offering includes a two-story building featuring five (5) renovated apartments, five (5) professional office suites, and one (1) ground-floor retail space. The property has been well maintained by ownership, with interior and exterior upgrades.

The residential units have been updated with modern finishes including new kitchens, vinyl plank flooring, stainless steel appliances, and contemporary baths. The ground-floor commercial suite is occupied by a locally established pet groomer that has been in business for over 30 years. This unit features an attractive storefront with large display windows, durable flooring, and high-visibility signage along Main Street. The lower-level office suites are leased to small local businesses.

213 S Main Street generates strong in-place income with a 8.23% CAP Rate. The building is fully occupied across both residential and commercial components, while expense ratios are well managed at approximately 35% of gross income. Current ownership has already enhanced the property through thoughtful unit renovations and capital improvements, resulting in a well-performing and low-maintenance asset. While the property is operating efficiently, there remains opportunity to further increase income through modest rent adjustments.

Located within Downtown Wauconda, the property benefits from a high-traffic Main Street location surrounded by local restaurants, cafés, and specialty retailers. The area’s continued public and private investment, walkable lakefront amenities, and small-town character support long-term tenant retention and rent stability.

This property presents an opportunity to acquire a proven, income-producing mixed-use asset in one of Lake County’s most charming and dynamic downtown business corridors.

Wauconda, Illinois is a picturesque northwest suburban community in Lake County, located approximately 45 miles from downtown Chicago. The village is best known for its historic charm, strong sense of community, and proximity to Bangs Lake, a 306-acre recreational destination that anchors local life year-round. Downtown Wauconda, where 213 S Main Street is located, offers a walkable mix of restaurants, boutique shops, and cafés including Lindy’s Landing, Honey Hill Coffee, and Middleton’s on Main, all contributing to an inviting small-town atmosphere.

The area enjoys strong accessibility via U.S. Route 12, Illinois Route 176, and nearby Route 59, connecting residents to major employment centers throughout Lake and McHenry Counties. Wauconda’s well-rated schools, active park district, and community events such as Cruise Night and the Wauconda Farmers Market enhance its appeal, while ongoing local investment continues to support a vibrant and enduring downtown environment.

• Strong In-Place Performance: 8.23% Cap Rate
• Diversified Income Stream: Residential, Office, & Retail Tenants
• Modern Finishes: Renovated Apartments with Vinyl Plank Flooring and Stainless-Steel Appliances
• Established Retail Tenant: Local Business with Over 30 years of Continuous Operation
• Efficient Operations: Low Expense Ratio & Recent Capital Improvements
• Prime Downtown Location: Walkable to Bangs Lake, Shops, & Restaurants