890 Lake Ave
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890 Lake Ave
28,000 SF Retail Building Woodstock, IL 60098 $999,999 ($36/SF)
Investment Highlights
- Existing business and steady income
- Potential for adaptive re-use or re-development
- Seller leaseback
- Heavy Street traffic
- Village open to re-zoning
Executive Summary
FOR A Mere $999,999 you can take this property minus the current operating business and assets, and turn it into YOUR DREAM BUSINESS
(with a stipulation allowing time to vacate renters and liquidate assets). This multi-layer facility on 3 acres in historic Woodstock, just off Rt. 47, which includes 29,000 sq. ft. of retail space (2 levels), 2000 sq. ft. of lower level storage, 500 sq. ft. attached “semi-size” garage providing easy access to lower level, a 2,000 sq. ft workshop, 2,000 sq. ft. music studio and storage area with an attached “extended” two car garage, a 1,000 sq. ft office with kitchen, bathroom and showroom or meeting-room space with separate entrance and attached oversized two car garage. Upstairs you will find an amazing custom-built home, constructed in 1998 featuring 3,500 sq. ft. It includes two kitchens, a great room with fireplace and tons of windows looking out at the lake, game room, library, bar/office, laundry room/bath, master suite with sitting room, mother- in-law suite with sitting room and living room. The home was architect designed with quarter sawn oak features throughout that were salvaged out of old Chicago mansions. Full business inventory (value of $300,000+) can be included for an additional $200,000.
(with a stipulation allowing time to vacate renters and liquidate assets). This multi-layer facility on 3 acres in historic Woodstock, just off Rt. 47, which includes 29,000 sq. ft. of retail space (2 levels), 2000 sq. ft. of lower level storage, 500 sq. ft. attached “semi-size” garage providing easy access to lower level, a 2,000 sq. ft workshop, 2,000 sq. ft. music studio and storage area with an attached “extended” two car garage, a 1,000 sq. ft office with kitchen, bathroom and showroom or meeting-room space with separate entrance and attached oversized two car garage. Upstairs you will find an amazing custom-built home, constructed in 1998 featuring 3,500 sq. ft. It includes two kitchens, a great room with fireplace and tons of windows looking out at the lake, game room, library, bar/office, laundry room/bath, master suite with sitting room, mother- in-law suite with sitting room and living room. The home was architect designed with quarter sawn oak features throughout that were salvaged out of old Chicago mansions. Full business inventory (value of $300,000+) can be included for an additional $200,000.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
28,000 SF
Year Built/Renovated
1946/2022
Price
$999,999
Price Per SF
$36
Tenancy
Single
Building Height
2 Stories
Building FAR
0.21
Lot Size
2.99 AC
Zoning
COMMR
Parking
12 Spaces (0.43 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 13-08-426-006 | Improvements Assessment | $196,873 |
| Land Assessment | $67,448 | Total Assessment | $264,321 |
PROPERTY TAXES
Parcel Number
13-08-426-006
Land Assessment
$67,448
Improvements Assessment
$196,873
Total Assessment
$264,321
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890 Lake Ave
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