Investment Opportunity

Overview

  • Investment For Sale
  • 691 Lake Avenue, Woodstock, IL 60098.
  • Price: $1,100,000
  • 9,563 sq. ft.

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Highlights

  • 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.

 

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