Five-Unit Flex Warehouse
For Sale
Contact for pricing
670 E Calhoun St, Woodstock, IL 60098
Multi-tenant flex warehouse building with gas-fired heaters, drive-in doors, and 26 designated parking spots.
Property Size10,971 SF
Price / SF$82.03
Days on Market138
Property Features for 670 E Calhoun St
General Information
Standard status
Active
Size
10,971 SF
Class
C
Total Parking Spaces
22
Property subtype
Industrial, Office
Zoning
B-3: Service & Retail District
Occupancy
66%
Lease Type
Gross
Investment Type
Value Add
Building Details
Year Built
1957
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Brait Capital
Listed By:
Mark Ruchko · License #40651219
(763) 370-6232
Source:
Crexi
Added: Apr 21
Changed: Aug 25
Last Checked: Sep 4 at 10:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brait Capital
Investment Insights
Based on property information with market context.
This five-unit multi-tenant flex warehouse property includes warehouse space equipped with gas-fired heaters and drive-in doors. The building also features three-phase power and has outdoor storage available in the rear, supported by 26 designated parking spots.
The property is located on E Calhoun Street in Woodstock’s established business corridor, with convenient access to major roadways and proximity to Route 47. Surrounding commercial uses support a practical delivery-and-customer environment for a range of commercial or light industrial applications.
As a multi-tenant asset, it offers flexible space configurations within a functional warehouse/flex setup, supported by dedicated parking and rear outdoor storage.
The property is located on E Calhoun Street in Woodstock’s established business corridor, with convenient access to major roadways and proximity to Route 47. Surrounding commercial uses support a practical delivery-and-customer environment for a range of commercial or light industrial applications.
As a multi-tenant asset, it offers flexible space configurations within a functional warehouse/flex setup, supported by dedicated parking and rear outdoor storage.
Key Highlights
- Five‑unit multi‑tenant commercial property at 670 E Calhoun Street
- Warehouses include gas‑fired heaters and drive‑in doors for flexible use
- Three‑phase power available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,502
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,310,040
$1.3M
Cap Rate 7%
$935,743
$935.7K
Cap Rate 9%
$727,800
$727.8K
Market Conditions
NOI Build-Up for 10,971 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$106.6K $9.72/SF
− Vacancy
−$5.9K −$0.53/SF
EGI
$100.8K $9.19/SF
− OpEx
−$35.3K −$3.21/SF
NOI
$65.5K $5.97/SF
Area
McHenry County, IL
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,310,040
Cap Rate 7%
$935,743
Cap Rate 9%
$727,800
Alternative Uses
Best Use
Flex RnD
$935.7K
$818.8K – $1.09M
NOI $65,502 @ 7.0% cap · market cap 7.28%
Second Best
Warehouse
$819.2K
$716.8K – $955.8K
NOI $57,346 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,145 @ 7.0% cap · market cap 29.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60098, IL
33,153
Population
13,310
Households
2.5
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
104.8 sq mi
ZIP Area
316
Density / Sq Mi
$92,749
Median Household Income
$42,799
Median Earnings
$1,178
Median Rent
$257,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Antigua Mexican Grill (Woodstock) — 125 E Calhoun St, Woodstock, IL 60098
- Chi-Cal Katering — 240 N Throop St, Woodstock, IL 60098
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant flex warehouse building with gas-fired heaters, drive-in doors, and 26 designated parking spots.
Where is this flex space located?
The property is located at 670 E Calhoun St Woodstock, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Five‑unit multi‑tenant commercial property at 670 E Calhoun Street; Warehouses include gas‑fired heaters and drive‑in doors for flexible use; Three‑phase power available
