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234 Main St Woodstock, IL 60098

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For Sale
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High-yield, fully leased, 4-unit property.

Property size:
3,430 SF

Property Features for 234 Main St

General Information

Property type
Mixed-use properties
Square Feet
3,430 SF
Lot Size
2,614 SF

Building Details

Year Built
1890
Stories
2
Units
4

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Listing Contact
Michael Deacon
Michael Deacon

Listing Agency: Premier Commercial Realty Listing Agent: Michael Deacon

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Exceptional investment opportunity in downtown Woodstock, Illinois, presents a fully leased, four-unit mixed-use building at 234 Main Street / 235 N Benton Street. This unique property boasts 3,430 square feet situated on a 0.06-acre lot (APN 13-05-376-002) and zoned B2C. The building, constructed in 1890, features two stories and offers a blend of retail and residential space. The lower level comprises two retail units, one measuring 1,098 square feet and the other 792 square feet. Upstairs, two apartments, each with its own street entrance, provide 748 and 792 square feet of living space respectively. Each apartment includes a washer and dryer. The property benefits from prominent frontage on both Main Street and North Benton Street, placing it just a block from Woodstock Square. Currently, all four units are occupied under month-to-month leases at below-market rates, generating a current monthly rent of $2,900 ($34,800 annually). Tenants are responsible for gas and electric, with separately metered utilities. A pro forma analysis indicates that increasing lease rates to market value would support the asking price of $389,000, based on an 8.25% capitalization rate. This presents a compelling opportunity for significant rental income growth.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Woodstock
County
McHenry
State
Illinois
Longitude
-88.4472247
Latitude
42.3163268

FAQs

What type of property is this?
Mixed-use property - High-yield, fully leased, 4-unit property.
Where is this mixed-use property located?
The property is located at 234 Main St Woodstock, IL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: $389,000 asking price for a mixed-use investment property.; 3,430 square feet, 4 units, 100% occupancy.; Located at 234 Main St, Woodstock, IL 60098.
(815) 814-6500 Call to check price and availability
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