234 Main St | Woodstock, IL 60098
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234 Main St
Woodstock, IL 60098
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Price Reduced
EXECUTIVE SUMMARY
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 $3,200/mo. ($38,400 annually). Should the lease rates be increased closer to current market rent rates, the applicable proforma supports the asking price based on an 8.71% CAP rate.
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 $3,200/mo. ($38,400 annually). Should the lease rates be increased closer to current market rent rates, the applicable proforma supports the asking price based on an 8.71% CAP rate.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,430 SF
Building Class
C
Year Built
1890
Price
$359,000
Price Per SF
$105
Tenancy
Single
Building Height
2 Stories
Building FAR
1.36
Lot Size
0.06 AC
Zoning
B2C
PROPERTY TAXES
| Parcel Number | 13-05-376-002 | Improvements Assessment | $65,472 |
| Land Assessment | $10,870 | Total Assessment | $76,342 |
PROPERTY TAXES
Parcel Number
13-05-376-002
Land Assessment
$10,870
Improvements Assessment
$65,472
Total Assessment
$76,342
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