142 Washington St Woodstock, IL 60098-3355

Property Details for 142 Washington St

Year built

1971

Lot size

0.12 lot acres

Property size

3,610 SF

Property type

Commercial real estate

APN

13-05-304-006

APU

1305304006

Description

This versatile 6,000 square foot commercial building at 142 Washington Street in Woodstock, Illinois presents a compelling opportunity for both owner-users and investors seeking a value-add project. The main level currently comprises two open 1,600 square foot spaces, easily convertible back into two separate units, ideal for retail or office use. This flexible layout offers significant adaptability to suit diverse business needs. The lower level features three units, two of which are currently occupied by tenants, providing immediate rental income. A vacant 1,000 square foot unit on the lower level includes an 8-foot overhead door, adding to the property's functional versatility. Ample parking is available at the rear of the building, supplemented by convenient on-street parking and a public lot directly across the street. The building's location in Woodstock, IL offers excellent accessibility and visibility, making it an attractive proposition for a variety of commercial ventures. The asking price of $315,000 represents a significant opportunity for investors to capitalize on the property's potential for increased rental income through lease-up and/or renovations. The property's existing tenant base provides a stable foundation for future growth and profitability. This is a rare chance to acquire a well-located, multi-unit commercial building with substantial upside potential.