823 Lake Ave Woodstock, IL 60098

This exceptional 3,423 square foot apartment building presents a unique investment opportunity in Woodstock, Illinois. Located at 823 Lake Avenue, this vacant property sits on a sizable 1.13-acre lot and offers significant redevelopment potential. Built in 1960, the single-story structure is zoned B3, allowing for a range of uses. The property's prime location at a signalized intersection on IL-47 boasts high visibility and traffic volume exceeding 14,500 vehicles per day, making it ideal for restaurant, retail, or multi-family development. The asking price is $499,000, translating to $174.99 per square foot. Currently vacant with an occupancy date of December 4, 2023, this property offers a blank canvas for a savvy investor. The large lot size also includes space suitable for outdoor seating or patio areas. The property consists of two parcels, and existing pylon signage provides excellent advertising potential. This is a rare chance to acquire a substantial property in a desirable location with considerable upside. The property's current status as vacant allows for immediate implementation of redevelopment plans. Serious inquiries are encouraged.