234 Main St Woodstock, IL 60098

This exceptional investment opportunity presents a unique 3,430 square foot mixed-use property ideally situated in the heart of downtown Woodstock, Illinois. The building boasts a prime location with frontage on both Main Street and North Benton Street, placing it just one block from the renowned Woodstock Square. This four-unit property comprises two ground-floor retail spaces, totaling 1,098 and 792 square feet respectively, and two upper-level apartments, each measuring 748 and 792 square feet. Each apartment features its own separate street entrance and includes in-unit washer and dryer hookups. Currently, all four units are occupied under month-to-month leases, offering immediate cash flow. The property benefits from separately metered utilities, with tenants responsible for gas and electric. The current monthly rental income stands at $3,200, translating to $38,400 annually. However, a significant increase in rental income is achievable by adjusting lease rates to reflect current market values. A pro forma analysis, based on market-rate rents, demonstrates a strong 8.71% capitalization rate, justifying the asking price of $359,000. This property represents a compelling opportunity for investors seeking a stable, high-yield investment in a vibrant and desirable location. The existing leases provide immediate return, while the potential for rental increases offers significant future growth.