131 Calhoun StWoodstock, IL 60098

For Sale
$725,000

6,677 SF, 7.7% Cap Rate, Fully Leased

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fully leased, Class B office building located at 131 E. Calhoun St, Woodstock, IL 60098. The property encompasses 6,677 square feet and is comprised of five individual condo suites, each with separate tax identification numbers (PINs), currently generating a net operating income (NOI) of $55,822. The building boasts upscale appointments and features central HVAC. The second floor offers an open ceiling concept and convenient elevator access. Desirable tenants occupy all suites, ensuring a stable income stream. The property's prime location is adjacent to the historic Woodstock Square, offering high visibility and accessibility. The asking price is $725,000, representing a compelling 7.7% capitalization rate. The building is currently 100% occupied under a gross lease structure. Detailed financial information, including a rent roll, is available upon request for qualified buyers. Combined 2019 property taxes totaled $24,277. This is a rare opportunity to acquire a high-performing, multi-tenant office building in a desirable location.

Highlights

  • Five condo suites totaling 6,677 square feet.
  • Fully leased with desirable tenants.
  • Each suite has a separate PIN.
  • Central HVAC.
  • Second floor features an elevator and open ceiling concept.
  • Upscale appointments.

Property Details for 131 Calhoun St

Property type
Other office properties, Office space
Square Feet
6,677 SF
Class
B

Location Insight

City
Woodstock
County
McHenry
State
Illinois
Latitude
42.3138966
Longitude
-88.4461917
131 Calhoun St, Woodstock, Illinois

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131 Calhoun St
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