Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    999 S Eastwood Dr Woodstock, IL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $679,000

    1.31 acre commercial land with high visibility.

    Type:LAND
    Lot size:
    1.31 Acres
    Added:
    Aug 25, 2025
    Days on Market:
    220
    Last Refresh:
    Mar 29 at 10:05 pm

    Property Features for 999 S Eastwood Dr

    General Information

    Standard status
    Active
    Lot size
    1.31 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Tim Billimack
    Tim Billimack

    Listing agent Tim Billimack

    Listing office Blue Chip Commercial

    Listing date Aug 25, 2025

    Source Moodyscre

    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 Blue Chip Commercial

    Overview

    Commercial Land on Retail Corridor

    This 1.31-acre commercial land offers a prime development opportunity with excellent visibility along a state highway. Situated on Route 47 in Woodstock, a primary retail corridor, the property benefits from its proximity to national retailers such as Aldi, Walgreens, and Jewel Osco. The site features approximately 166 feet of frontage on Route 47 and is zoned B3, allowing for a wide range of commercial uses including retail, service, and restaurant businesses. The location also offers excellent signage potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -88.4487
    Latitude
    42.3147

    Nearby Similar for Sale

    • $599,000

      Woodstock Square Mall For Sale

      Commercial property in the heart of downtown Woodstock, Illinois.
      110 S Johnson Street, Woodstock, IL 60098
      View Details
    • $1,800,000

      Woodstock Commercial Property on Route 47

      Light-filled showroom with offices, warehouse, and ample parking.
      1345 S Eastwood Drive, Woodstock, IL 60098
      View Details
    • $45,000

      Woodstock Land: Build Your Dream

      Land in a lovely neighborhood to build your dream home.
      1322 Bull Valley Drive, Woodstock, IL 60098
      View Details
    • $274,000

      Income Property Near Woodstock Square

      Well-maintained duplex near Woodstock Square with separate utilities.
      726 S Jefferson Street, Woodstock, IL 60098
      View Details
    • $375

      Woodstock Garage Space Available

      Three-car garage for rent in Woodstock, Illinois.
      1010 Kimball Avenue unit: Garage, Woodstock, IL 60098
      View Details
    • $3,900,000

      24-Acre Development Site For Sale

      24-acre development site with commercial and industrial zoning.
      Route 14 N Rose Farm Road, Woodstock, IL 60098
      View Details
    • $825,000
      9,238 SF

      Freestanding Office/Retail/Warehouse Building

      9,238 SF building on 1.2 AC with frontage.
      1375 S Eastwood Dr, Woodstock, IL
      View Details
    • Contact for pricing
      6,393 SF

      Retail Building in Woodstock, IL

      Two-story retail building with 6,393 SF total area.
      118 Cass Street, Woodstock, IL, USA, Woodstock, IL, 60098
      View Details
    • Contact for pricing

      Residential Lot in Woodstock, IL

      Flat lot in a wonderful neighborhood, close to amenities.
      Block 153 Joseph Street, Woodstock, IL 60098
      View Details
    • $309,000

      Iconic Woodstock Square Corner Property

      Well-preserved 1930 building in a high-traffic, desirable location.
      101 E Van Buren Street, Woodstock, IL 60098
      View Details
    • $895,000

      Woodstock Mixed-Use Facility For Sale

      40,000 sq. ft. multi-layer facility on 3 acres.
      890 Lake Avenue, Woodstock, IL 60098
      View Details
    • $1,100,000
      17,587 SF

      Versatile Industrial/Retail Building For Sale

      17,587 SF building on 1.6 acres, ideal for various uses.
      670 E Calhoun St, Woodstock, IL
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.31 acre commercial land with high visibility.
    Where is this commercial land located?
    The property is located at 999 S Eastwood Dr Woodstock, IL.
    What is the asking price?
    The asking price for this property is $679,000.
    What are key features of this property?
    This property features: Prime commercial development opportunity with excellent visibility.; Located on Route 47, Woodstock’s primary retail corridor.; Flexible B3 zoning allows for a wide range of commercial uses.
    (815) 355-0196
    We can help!
    Listing Contact
    Tim Billimack
    Tim Billimack
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!