823 Lk Ave, Woodstock, IL 60098-4256
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.