Property profile

823 Lk Ave Woodstock, IL 60098

OFF-MARKET
Commercial real estate
Property ID
US28-1539994
3,423 SF 0.92 ac lot Built 1960
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,423 square foot restaurant property, located at 823 Lake Avenue in Woodstock, Illinois, presents a unique redevelopment or retail opportunity. Situated on a 1.13-acre lot in McHenry County, the single-tenant building boasts a desirable B3 zoning classification. The property features a private parking lot, providing ample space for patrons. Its strategic location on a signalized intersection along IL-47 ensures high visibility and accessibility, with over 14,500 vehicles passing daily. The prominent location allows for large pylon signage, maximizing marketing potential. The property consists of two parcels, offering the potential for outdoor seating or patio expansion, further enhancing its appeal. This prime location in Woodstock, zip code 60098, offers a strong foundation for a thriving business venture. The existing structure provides a solid base for a complete renovation or repurposing to suit a variety of retail or restaurant concepts. This is a rare opportunity to acquire a well-positioned property in a vibrant community. The substantial lot size and high traffic count make this an ideal investment for discerning entrepreneurs seeking a high-impact location. The property's existing infrastructure and zoning provide a streamlined path to development, minimizing potential delays and maximizing return on investment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Construction FRAME
Total area 3,423 SF
Lot 0.92 ac (40,075 SF)
APN 13-08-427-003
UPID US28-1539994

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

823 Lk Ave Woodstock, IL 60098-4256
Woodstock metro Census 870905 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2025
Last sale
$700,000
2 recorded transactions
2025
$700,000
2020
$500,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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