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0 Beds
40,000 sqft

$895,000

890 Lake Avenue, Woodstock IL, 60098

Price per sqft$22.38
Built in1946
Property size40,000 sqft
Property typeOther
Listed by Amber Foley with eXp Realty 779-220-0215

Overview

Active

Listed Jul 3, 2024

Updated 10 days ago

FOR A Mere $895,000 you can take this property minus the current operating business and assets, and turn it into YOUR DREAM BUSINESS(with a stipulation allowing time to vacate renters and liquidate assets) OR A Steal of a DEAL . . . $995,000 gets you a 40,000 sq. ft. multi-layer facility on 3 acres in historic Woodstock, just off Rt. 47, which includes 29,000 sq. ft. of retail space (2 levels), 2000 sq. ft. of lower level storage, 500 sq. ft. attached "semi-size" garage providing easy access to lower level, a 2,000 sq. ft workshop, 2,000 sq. ft. music studio and storage area with an attached "extended" two car garage, a 1,000 sq. ft office with kitchen, bathroom and showroom or meeting-room space with separate entrance and attached oversized two car garage. Upstairs you will find an amazing custom-built home, constructed in 1998 featuring 3,500 sq. ft. It includes two kitchens, a great room with fireplace and tons of windows looking out at the lake, game room, library, bar/office, laundry room/bath, master suite with sitting room, mother- in-law suite with sitting room and living room. The home was architect designed with quarter sawn oak features throughout that were salvaged out of old Chicago mansions. Many improvements to structure in last 6 years. Sq. footage estimated. In addition, this deal includes: An operating antique business with 60 vendors renting space and established clientele Business assets/inventory included, valued at $250,000+ and the possibility of Owner "rent back" of some space during the first year, adding the potential of an additional $72,000 of income Trained staff willing to stay on with new owner *seller is motivated, bring all offers

$5,954/mo

Est. mortgage payment based on a $895,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12101724

Interior Features

Bedrooms
0
Fireplace
Yes
Cooling
Yes
Basement
No

Exterior Features

Lot Size
2.99 Acres

Other Property Details

Taxes
$25,857
Tax Frequency
Annually
MLS provider logo

Listed by Amber Foley with eXp Realty 779-220-0215

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