- Investment Sold
- 691 Lake Avenue, Woodstock, IL 60098.
- Price: $1,050,000
- 9,563 sq. ft.
- Fully Leased Mixed Use
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.