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    691-93 Lake Street

    Woodstock, IL 60098
    • $1,100,000
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: 10731643
    UPDATED: 31 min ago
    $1,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,563
      SQFT
    • $115
      $/SQFT
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    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 or 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. See Operating Statement which includes a 4% amount for both management and Reserve. Also see rent roll. 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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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2020-07-15T12:52:57.5 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    691-93 Lake Street Woodstock, IL 60098

    • Price: $1,100,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 10731643
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,563
    SQFT
    $115
    $/SQFT
    1948
    Built
    Neighborhood:
    Bull Valley / Greenwood / Woodstock
    County:
    McHenry
    Area:
    Bull Valley / Greenwood / Woodstock
    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 or 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. See Operating Statement which includes a 4% amount for both management and Reserve. Also see rent roll. 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.
    Exterior Features

    Construction Wood Frame Foundation Concrete Frontage Access City Street Location Mixed Use Area Lot Dimensions 44431 SF Lot Sq Ft 44431 Number Of Parking Spaces 30 Roof Coverings Shingle CompositionReflective Coating Roof Structure FlatPitched

    Interior Features

    Air Conditioning Central Air Fire Protection Fire Extinguisher/S Number Of Apts 3 Number Of Offices 1 Number Of Stores 0 Number Of Stories 2 Outdoor Parking 19-30 SpacesCommon ParkingOpenPavedPrivate Lot

    Property Features

    Age Older Built Before1978 YN Yes Current Use CommercialOther Electric Expense Source Actual Electrical Service Circuit BreakersSeparate Meters101-200 Amps Electricity Expense 0 Expense Year 2019 Exterior Building Type Frame Fuel Expense 0 Fuel Expense Source Actual Geographic Locale Northwest Suburban Gross Rental Income Amount 127536 Heat Ventilation Forced AirGas Insurance Expense 2738 Insurance Expense Source Actual Miscellaneous Outside Security Lighting Net Oper Income Amount 97226 Net Operating Income Year 2020 Number Of Tenants 4 Other Expenses 0 Owners Assoc YN No Potential Use CommercialOffice And ResearchResidential-Multi-Family Rental Price 0 Tax Year 2019 Taxes 7203 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatReal Property TaxesInsuranceRepairs And MaintenanceScavengerWater/SewerVaries By Tenant Total Annual Exp 23973 Total Annual Expense Source Broker Projection Total Annual Income 127536 Total Monthly Income 10628 Township Dorr Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Water Expense 0 Water Expense Source Actual Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Premier Commercial Realty.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2020-07-15T12:52:57.5 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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