Mixed Use Fully Leased Investment

  SOLD September 2020 for $1,050,000

691 Lake Avenue, Woodstock, Illinois 60098


Documents
Building Size9,563 Square Feet
Land Size44,431 Square Feet
ZoningB4
Parkingample
Watercity
Sewercity
Electric100 amp
Year Built1948

Solid fully leased 4-tenant mixed use property with long term veterinary clinic as anchor and 3 residential tenants. Current owner sold his vet clinic business to a national chain who leases for 5 year periods with multiple 5 year options. Apartments now in short supply always stay rented. Vet lease is a net lease with clinic paying the bulk of real estate taxes, insurance and maintenance. Owner bought adjacent 2 flat with 2 car garage to expand vet clinic parking which straddles the property line. Contact broker for Operating Statement and Rent Roll which includes a 4% amount for both management and Reserve. Note: tax amount reflects landlord portion only. Zoning is B-3. Vet clinic has first right of refusal but says they have no plans to purchase.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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