823 Lake AveWoodstock, IL 60098

For Sale
$499,000

Established Restaurant, Sale or Lease

Overview

Added:
Feb 3
Days on market:
40
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
Other 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
823 Lake Ave, Woodstock, Illinois

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823 Lake Ave
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