Add Listing
    For Lease
    • 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

    IL-47 & Country Club Rd Woodstock IL 60098 USA Woodstock, IL 60098

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,043 SF former bank building available for lease.

    Type:Land
    Property size:
    8 SF
    Added:
    Nov 22, 2025
    Days on Market:
    135
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for IL-47 & Country Club Rd Woodstock IL 60098 USA

    General Information

    Standard status
    Active
    Size
    8 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Peter Graham
    Peter Graham

    Listing agent Peter Graham

    Listing office CBRE | Chicago

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Chicago

    Overview

    Former Bank Building For Lease

    A 4,043 square-foot former bank building is available for lease. The building is located on an 8.36-acre site at the southwest corner of Route 47 and Country Club Road in Woodstock, Illinois. The building is divisible.
    Location Intelligence

    Current Use by Public Records

    Banks

    Map

    City
    Woodstock
    County
    McHenry
    State
    Illinois
    Longitude
    -88.4593
    Latitude
    42.3247

    Nearby Similar for Lease

    • Contact for pricing

      Medical Office Space Available

      1,653 SF medical office space for rent.
      1664 S Eastwood Drive, Woodstock, IL 60098
      View Details
    • Contact for pricing

      Historic Freestanding Building in Woodstock

      Prime location near the square with parking and central air.
      129 E SOUTH Street, Woodstock, IL 60098
      View Details
    • Contact for pricing

      Renovated Salon Suites in Woodstock

      Move-in ready salon suites near Woodstock Square.
      210 N Madison St, Woodstock, IL
      View Details
    • Contact for pricing

      Individual Office Suites For Rent

      Professional office suites with amenities and utilities included.
      727-747 S Eastwood Dr, Woodstock, IL
      View Details
    • Contact for pricing

      Mixed-Use Property in Woodstock, IL

      Mixed-use property with retail, office, and warehouse spaces for rent.
      142 Washington St, Woodstock, IL 60098
      View Details
    • $15/mo

      Route 47 Showroom Space

      2,100 SF showroom with offices/storage in high-traffic location.
      651-681 S Eastwood Dr, Woodstock, IL
      View Details
    • $15/mo

      Professional Office Space Available

      4,400 SF office condominium for lease, fully built out.
      2400-2446 Lake Shore Dr, Woodstock, IL
      View Details
    • $11/mo

      Warehouse Space on Route 47

      2,100 SF warehouse with heavy power and high ceilings.
      2300-2310 S Eastwood Dr, Woodstock, IL
      View Details
    • Contact for pricing

      Retail/Office Suite Near Woodstock Square

      Renovated 1,000 SF suite near Metra station.
      222 N Benton St., Woodstock, Illinois, Woodstock, IL 60098
      View Details
    • Contact for pricing

      Woodstock Warehouse with Retail Frontage

      17,587 SF warehouse on 1.6 acres, ideal for industrial/retail.
      666 E Calhoun St, Woodstock, IL
      View Details
    • $13/mo

      Eastwood Shopping Center Retail Opportunity

      Up to 40,000 SF available in Woodstock shopping center.
      410-460 S Eastwood Dr, Woodstock, IL
      View Details
    • $16/mo

      Medical Office Space Available

      1,653 SF medical office space for rent.
      1660 S Eastwood Dr, Woodstock, IL
      View Details

    FAQs

    What type of property is this?
    Bank - 4,043 SF former bank building available for lease.
    Where is this bank located?
    The property is located at IL-47 & Country Club Rd Woodstock IL 60098 USA Woodstock, IL.
    What are key features of this property?
    This property features: 4,043 SF former bank building; Located at the southwest corner of Route 47 and Country Club Road; Located in Woodstock, Illinois
    (312) 861-7851
    We can help!
    Listing Contact
    Peter Graham
    Peter Graham
    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!