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Key Details
Sold Price $490,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 34,316 sqft
Price per Sqft $14
MLS Listing ID 10124567
Sold Date 01/02/19
Year Built 1930
Annual Tax Amount $27,096
Tax Year 2017
Lot Dimensions 125 X 96 X 125 X 95
Property Description
This deal just got sweeter ~ FULLY LEASED AT A GREAT PRICE! A unique land-lease opportunity with financials that make this one worth a look. Located on the bustling Historic Woodstock Square this is a multi-level, multi-use building in the heart of it all! The 34,316 sq.ft. building consists of two stories and a basement, currently 22,936 sq.ft. of leasable space. Long-term tenants occupy 18 mixed-use units. Two elevators, passenger and freight, and two staircases provide access throughout the building. Two convenient street entrances are located directly on the square and corner of Jackson and Throop Streets, both close to multiple public parking lots. Tenant units have individual HVAC units/controls with service paid by tenant. This is a land lease that runs thru 2042 with title that will transfer at closing. Invest in a thriving downtown community that features restaurants, retail, offices, business professionals, farmer's markets, and band concerts all within 2 blocks to Metra.
Location
State IL
County Mc Henry
Zoning COMMR
Interior
Cooling Central Individual
Flooring Varies
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick,Block
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Bought with Tyler Lewke • Keller Williams Success Realty
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959