975 Lake Ave Woodstock, IL 60098
- Industrial properties
- 2.63 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 975 Lake Ave
- Lot size
- 2.63 lot acres
- Property type
- Industrial properties
- APN
- 13-09-302-001
- APU
- 1309302001
Description
This exceptional 2.63-acre commercial land parcel, located at 975 Lake Ave & Route 47 in McHenry County (APN 13-09-302-001), presents a unique leasing opportunity. Zoned B2, this single-tenant property boasts a total area of 114,563 square feet and offers unparalleled visibility due to its strategic location on high-traffic Route 47, experiencing 13,600 vehicles per day, and Lake Avenue, with 6,700 vehicles per day. The property is currently vacant and ready for immediate development. Ideal for businesses seeking high exposure and convenient access. A minimum one-year lease is required. The monthly gross lease rate is $5,450. This is a rare chance to establish a presence in a thriving commercial area with significant daily traffic volume. Don't miss this opportunity to secure a prime location for your business. Serious inquiries only. Contact us to schedule a site visit and discuss your business needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $285,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $380,000
- Mixed-Use
- $320,000
- Hospitality
- $375,000
- Educational
- $315,000
- Residential Income
- $380,000
- Energy
- $280,000
- Income-Based Land
- $350,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Woodstock
- County
- Mchenry
- State
- Illinois
- Longitude
- -88.4329
- Latitude
- 42.3045
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
