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Mixed Use Fully Leased Investment

691 Lake Avenue, Woodstock, Illinois 60098
Sold: $1,050,000
Mixed Use  Fully Leased Investment

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
9,563 sqft
Land Size
44,431 sqft
Sewer
city
Water
city
Zoning
B4
Electric
100 amp
Year Built
1948
Parking
ample

Property Description

Solid fully leased 4-tenant mixed use property with long term veterinary clinic as anchor and 3 residential tenants. Current owner sold his vet clinic business to a national chain who leases for 5 year periods with multiple 5 year options. Apartments now in short supply always stay rented. Vet lease is a net lease with clinic paying the bulk of real estate taxes, insurance and maintenance. Owner bought adjacent 2 flat with 2 car garage to expand vet clinic parking which straddles the property line. Contact broker for Operating Statement and Rent Roll which includes a 4% amount for both management and Reserve. Note: tax amount reflects landlord portion only. Zoning is B-3. Vet clinic has first right of refusal but says they have no plans to purchase.

Location

Contact

Bruce Kaplan
Bruce Kaplan
Premier Commercial Realty
Office: (847) 854-2300 ext. 20
[email protected]