Mixed-Use Property with
New
For Sale
$500,000
782 Washington St, Woodstock, IL 60098
Five apartments share the property with heated workspace, storage, and multiple garage areas.
Property Size3,336 SF
Lot Size0.75 Acres
Price / SF$149.88
Days on Market5
Property Features for 782 Washington St
General Information
Standard status
Active
Size
3,336 SF
Lot size
0.75 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1860
Tenancy
Multi
Listing Agency:
RE/MAX Plaza
Listed By:
James Schaid, GRI · License #471002483
(815) 363-2454
Source:
Searchillinoishomesforsale
Added: Oct 4
Changed: Oct 7
Last Checked: Oct 7 at 1:53PM
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 RE/MAX Plaza
Investment Insights
Based on property information with market context.
This mixed-use property combines a five-unit apartment building with a separate 30-by-90-foot office and workshop at 782 Washington St. The heated workspace has its own gas and electric service and a bathroom, with attached unheated storage. A separate two-car garage with electric service provides another distinct space on the property.
The apartments at 800 Washington have been taken to the studs, rewired, and drywalled. Each unit has individual gas and electric meters, and the bathrooms feature one-piece fiberglass shower enclosures. The apartment building also has an attached garage and a five-car parking garage. A lower-level English basement apartment requires a complete rehabilitation. The property occupies a 3/4-acre lot on State Route 120 and has legal non-conforming zoning in Woodstock.
The apartments at 800 Washington have been taken to the studs, rewired, and drywalled. Each unit has individual gas and electric meters, and the bathrooms feature one-piece fiberglass shower enclosures. The apartment building also has an attached garage and a five-car parking garage. A lower-level English basement apartment requires a complete rehabilitation. The property occupies a 3/4-acre lot on State Route 120 and has legal non-conforming zoning in Woodstock.
Key Highlights
- Five‑unit apartment building at 800 Washington St.
- 30‑by‑90‑foot heated office and workshop with separate gas and electric service and a bathroom
- Apartments have been rewired and drywalled; each has individual gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,528
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,560
$690.6K
Cap Rate 7%
$493,257
$493.3K
Cap Rate 9%
$383,644
$383.6K
Market Conditions
NOI Build-Up for 3,336 SF
Gross rent
$60.0K $18.00/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$55.2K $16.56/SF
− OpEx
−$20.7K −$6.21/SF
NOI
$34.5K $10.35/SF
Area
McHenry County, IL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,560
Cap Rate 7%
$493,257
Cap Rate 9%
$383,644
Alternative Uses
Best Use
Mixed Use
$493.3K
$431.6K – $575.5K
NOI $34,528 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$419.1K
$366.8K – $489.0K
NOI $29,340 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,624 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five apartments share the property with heated workspace, storage, and multiple garage areas.
Where is this mixed-use property located?
The property is located at 782 Washington St Woodstock, IL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Five‑unit apartment building at 800 Washington St.; 30‑by‑90‑foot heated office and workshop with separate gas and electric service and a bathroom; Apartments have been rewired and drywalled; each has individual gas and electric meters
