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225 W Market Street Somonauk, IL 60552 Commercial - Retail Contingent

  • 225 W Market Street, Somonauk, IL 60552 Main Photo

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Description

Great opportunity to own both the real estate and a fully operating business in the heart of Downtown Somonauk! This offering includes the building, blacktop parking lot, the business itself, all shelving and display cases, coolers, and ALL inventory. Formerly the Somonauk Laundromat, The Farm Basket has undergone an impressive transformation into a charming and thriving retail destination. The store features a wide variety of home goods including meats, groceries, drinks, decor, gifts, and unique nic-nacks, with many items sourced locally. In the spring, it becomes a popular stop for garden plants, while summer brings an expanding selection of fresh, locally grown produce. Fall offers pumpkins, squash, and straw bales, and during the winter months gaming machines provide an additional income stream. The seller has already completed the work of applying for gaming licenses and permits, as well as liquor licenses and permits, giving the next owner a major head start, though the new owner will need to obtain their own licenses. The property consists of approximately 1,800 square feet and is ideally located directly on Route 34, offering excellent visibility and heavy daily traffic. Additional features include 12 parking spaces, a blacktop parking lot, 400-amp electrical service, newer furnace and air conditioning, and an abundance of charm that makes this business truly stand out. This is a rare chance to purchase a turnkey operation with real estate in a prime high-traffic location.

Property Highlights

Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1972

General Information

County: DeKalb
Listed By:
Coldwell Banker Real Estate Group 815-756-2557
MRED MLS
$195,000
Est. $1,281/mo
Contingent
SQUARE FEET1,800 MLS#12546877
STATUSContingent PROPERTY TYPECommercial - Retail

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Ruhl&Ruhl Realtors
563.441.1776

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225 W Market Street, Somonauk, IL 60552.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $195,000$195,000$195,000
Down Payment $39,000$6,825$48,750
Monthly Mortgage Amount $910$1,117$1,185
Taxes $271$271$271
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$86$0
Monthly Estimated Total $1,281$1,574$1,556

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