234 Main Street, Woodstock, IL 60098

  • $389,000
  • $389,000
234 Main Street, Woodstock, IL 60098
  • Commercial Sale
  • Property Type
  • 1890
  • Year Built
For Sale
234 Main Street, Woodstock, IL 60098
  • $389,000
  • $389,000

Overview

Property ID: 24939687
  • Commercial Sale
  • Property Type
  • 1890
  • Year Built

Description

Mixed Use Investment Opportunity 2 Retail (lower) 2 Apartments (upper) 3,430 SF Unique 4-unit fully leased investment property in downtown Woodstock. 2 retail units on lower level 1,098 SF and 792 SF and 2 apartments (with separate street entrances) on the 2nd floor 748 SF and 792 SF. Washer and dryer in each apartment. The property has frontage on both Main Street and N. Benton Street just one block from the famous Woodstock Square. All units are occupied with month to month leases at below market lease rates. (see rent roll). Tenants pay gas and electric. Separately metered. Current monthly rent of $2,900/mo. ($34,800 annually). Should the lease rates be increased closer to current market rent rates, the applicable proforma supports the asking price based on an 8.25% CAP rate.

  • Address 234 Main Street
  • City Woodstock
  • State/county IL
  • Zip/Postal Code 60098
  • Country United States

Details

Updated on August 28, 2024 at 10:27 am
  • Property ID: 24939687
  • Price: $389,000
  • Year Built: 1890
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 3430
  • MLS#: MRD12140188
  • Office Name: PREMIER COMMERCIAL REALTY
  • Agent Name: Michael Deacon
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD37217
  • List Agent MLSID: MRD370669
  • List Date: 2024-08-16T17:01:05.000Z
  • Cooling: Central Air
  • Tax Annual: 7468
  • Tax Year: 2023
  • County: McHenry
  • Property SubType: Apts/Stores

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