890 Lake AveWoodstock, IL 60098

This exceptional mixed-use property, located at 890 Lake Ave in Woodstock, Illinois, presents a unique redevelopment opportunity. The 40,000 square foot building sits on a substantial 130,244 square foot lot and features two buildings with two stories each. The property boasts 27,520 square feet of net rentable space, currently zoned B-3. Built in 1946, this property offers significant upside potential for a savvy investor. The current configuration includes retail space, storage areas, a workshop, a music studio, and office space. An attached residential unit is also included. The village is open to potential rezoning or repurposing, enhancing the property's flexibility. The asking price is $999,999, representing a price per square foot of $25. This represents a compelling investment opportunity, particularly given the large lot size and potential for owner-user scenarios. The existing business and its inventory are also available for purchase, adding to the overall value proposition. A potential owner lease-back arrangement could provide additional income during the initial year of ownership. The property enjoys excellent traffic exposure and proximity to downtown Woodstock shopping. This is an exceptional opportunity to acquire a substantial property in a desirable location with significant redevelopment potential.