116 Calhoun St Woodstock, IL 60098
- Retail properties
- 6,677 SF
Current Use by Public Records
- Retail properties
Property Details for 116 Calhoun St
- Year built
- 1965
- Property size
- 6,677 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use property, located at 116 E Calhoun St in Woodstock, IL 60098, presents a compelling investment opportunity. The 6,677 square foot building, constructed in 1965, boasts four separately tenanted units, offering a diverse income stream. Currently fully leased, the property generates a strong net operating income (NOI) of $41,000, resulting in an attractive 9.40% capitalization rate. The asking price is $435,000, translating to $65.15 per square foot. The building features a convenient 12-space parking lot, a significant advantage in this desirable location just off Woodstock Square. Each unit benefits from separately metered electric and gas, individual HVAC systems, and ample space. Three units share a common hallway, bathroom, and lunchroom, while the rear unit has its own private bathroom. The property's owner manages snow removal, water, and janitorial services for the shared common areas. The B2C zoning allows for a wide range of commercial uses, maximizing the property's potential. The 12,700 square foot lot provides ample space and the single-story building is easily accessible. This is a rare opportunity to acquire a fully leased, high-performing commercial property in a thriving downtown area. The property's strong cash flow and prime location make it an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woodstock
- County
- McHenry
- State
- Illinois
- Longitude
- -88.4469
- Latitude
- 42.3137
