130 Washington St Woodstock, IL 60098

Property Details for 130 Washington St

Year built

1900

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a mixed-use property ideally situated in the heart of downtown Woodstock, Illinois. The property comprises eight residential units, a currently operating commercial print shop, and a vacant lot, offering diverse income streams and future development potential. All eight residential units are currently occupied, providing immediate and consistent cash flow. Each unit is a one-bedroom, one-bathroom apartment, catering to a strong rental demand in this desirable location. The solid brick building boasts exterior parking for residents and tenants, along with shared laundry facilities and ample storage space. The property's prime location is a significant advantage, being conveniently situated just off the historic Woodstock Square and in close proximity to the Woodstock Metra Station, ensuring easy access to public transportation and the vibrant downtown area. The current leases on the residential units are set to expire in Summer 2025, presenting a future opportunity to increase rental income. The inclusion of a thriving commercial print shop adds another layer of stability to this investment, while the vacant lot offers potential for expansion or future development, further enhancing the property's long-term value. With a projected 7% capitalization rate upon lease expiration, this property represents a compelling investment opportunity for discerning buyers seeking strong returns and a diversified portfolio. The property's solid construction, desirable location, and multiple income streams make it an attractive prospect for both seasoned investors and those seeking to enter the commercial real estate market.