234 Main ST Woodstock, IL 60098

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 3,430 sqft

Price per Sqft $87

MLS Listing ID 12140188

Year Built 1890

Annual Tax Amount $7,778

Tax Year 2024

Lot Dimensions 2613

Property Sub-Type Mixed Use

Property Description

Mixed Use Investment Opportunity 2 Retail (lower) 2 Apartments (upper) 3,430 SF PRICE REDUCED. 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. Tenants pay gas and electric. Separately metered. Current monthly rent of $3,450/mo. ($41,400 annually). Should the lease rates be increased closer to current market rent rates, the applicable proforma supports the asking price based on an 11% CAP rate.

Location

State IL

County Mchenry

Area Bull Valley / Greenwood / Woodstock

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick

Listed by Michael Deacon of Premier Commercial Realty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106