For Sale
$499,000

823 Lake Ave Woodstock, IL 60098

Established Restaurant, Sale or Lease

Overview

Added:
Feb 3
Days on market:
78
This exceptional property at 823 Lake Avenue in Woodstock, Illinois presents a unique opportunity for a savvy investor or restaurateur. The former Colemans Tavern and Grill boasts a substantial 3,423 square feet of interior space, perfectly configured for continued restaurant operations or creative repurposing. The building sits on a combined 1.13 acres of land, encompassing two separate parcel identification numbers (PINs). This generous land area provides ample space for parking, accommodating a significant number of vehicles, and offers the potential for outdoor patio seating, ideal for expanding the dining experience during warmer months. The property's established history as a successful tavern and grill provides a strong foundation for future success, with existing infrastructure in place to streamline the transition for a new owner or tenant. The asking price is $499,000, offering a compelling investment opportunity in a desirable location. The property is available for both sale and lease, providing flexibility to suit various business models and financial strategies. Serious inquiries are encouraged to explore this turnkey restaurant opportunity further. The property's size and location make it an attractive proposition for a variety of food service concepts. The existing infrastructure minimizes upfront investment, allowing for a quicker return on investment. This is a rare chance to acquire a well-situated, established commercial property in the thriving community of Woodstock, Illinois.

Property Details for 823 Lake Ave

Property type
Commercial real estate
Square Feet
3,423 SF
Year Built
1960

Location Insight

City
Woodstock
County
McHenry
State
Illinois
Latitude
42.30506
Longitude
-88.43423

FAQs

What type of property is this?
Commercial real estate - Established Restaurant, Sale or Lease
Where is the commercial real estate located?
The property is located at 823 Lake Ave Woodstock, IL.
What is the asking price?
The asking price for this property is $499,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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823 Lake Ave
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