890 Lake Avenue
Woodstock, IL, 60098 $ 895,000
Bedrooms-- Baths-- Sq 40,000 Monthly Estimate*
$ 5,584
for $895,000. This 40,000 square foot building was built in 1946 on a lot size of 2.98999.
FOR A Mere $895,000 you can take this property minus the current operating business and assets, and turn it into YOUR DREAM BUSINESS(with a stipulation allowing time to vacate renters and liquidate assets) OR A Steal of a DEAL . . . $995,000 gets you a 40,000 sq. ft. multi-layer facility on 3 acres in historic Woodstock, just off Rt. 47, which includes 29,000 sq. ft. of retail space (2 levels), 2000 sq. ft. of lower level storage, 500 sq. ft. attached "semi-size" garage providing easy access to lower level, a 2,000 sq. ft workshop, 2,000 sq. ft. music studio and storage area with an attached "extended" two car garage, a 1,000 sq. ft office with kitchen, bathroom and showroom or meeting-room space with separate entrance and attached oversized two car garage. Upstairs you will find an amazing custom-built home, constructed in 1998 featuring 3,500 sq. ft. It includes two kitchens, a great room with fireplace and tons of windows looking out at the lake, game room, library, bar/office, laundry room/bath, master suite with sitting room, mother- in-law suite with sitting room and living room. The home was architect designed with quarter sawn oak features throughout that were salvaged out of old Chicago mansions. Many improvements to structure in last 6 years. Sq. footage estimated. In addition, this deal includes: An operating antique business with 60 vendors renting space and established clientele Business assets/inventory included, valued at $250,000+ and the possibility of Owner "rent back" of some space during the first year, adding the potential of an additional $72,000 of income Trained staff willing to stay on with new owner *seller is motivated, bring all offers
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FeaturesGeneralCooling Central Air
Zoning COMMR
Year Built 1946
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat
Stories Count 2
Township Dorr
Property Subtype Mixed Use
Tax Year 2023
Current Use Commercial
Gross Income 0
County McHenry
Net Operating Income 0
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Retail
Status Active
Directions Route 47 W to Lake Ave property to left
City Woodstock
Number Of Units Total 2
MLS Area Bull Valley / Greenwood / Woodstock
Lot Size Square Feet 130244
Tax Annual Amount 25857.3
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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InteriorFlooring Carpet Vinyl Wood
Total Fireplaces 1
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ExteriorBuilding Area Total 40000
Lot Dimensions 200.5 X 524 X 313 X 771
Frontage Type City Street
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* Excluded FeaturesList Byamberfoley508@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,584
- Monthly Property Taxes
- $2,155
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Woodstock, IL
Average List Price $1,063,103
Percent of Sale Price 19%
About Woodstock, IL 24,311 Population
19% Since 2002
$ 58,569 Median Income
37.45 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/25/2025 | $895,000 | -10.50% | Price Down |
| 9/16/2024 | $999,999 | -16.67% | Price Down |
| 7/3/2024 | $1,200,000 | | Listed Price |