Listed by Berkshire Hathaway HomeServices Starck Real Estate
$1,495,000
220 N Benton St
Details
APN 1305379002
Property Type Special Purpose
Sub Type School
Square Footage 14,968
Units 11
Cap Rate 8.6%
NOI $128,560
Tenancy Multi
Lease Type NN
Price per SqFt $100
Broker Co-Op Yes
Year Built 1900
Buildings 1
Stories 2
Acreage 0.174
Zoning OTHER
Investment Type Owner/User
Ground Lease No
Special Purpose | 8.06% CAP | 14,968 SqFt
Marketing description
Introducing a captivating investment opportunity in the heart of Woodstock, IL. This impressive 11,002 SF property, built in 1900, presents a prime prospect for prospective Special Purpose/School investors. Zoned B2C, the building offers a versatile space ideal for educational use, with ample potential for customization and adaptation to specific needs. Its central location in the vibrant Woodstock area provides convenient access to amenities and a strong community presence. With its historic charm and substantial square footage, this property stands as an exceptional foundation for a thriving educational institution.
Investment highlights
PRICE REDUCED: 8.6 CAP. Attractive Investment Potential. Highly Visible Location. One Block from Woodstock Square and Metra Station. 300' from the Woodstock Square and 500' from the Metra Train Station. Fully leased building with 6 Apartments and 5 Street Level Commercial Units. 8% CAP Rate with Zero Vacancy during the past 8 Years. Commercial Suites and Apartments have been Rehabbed or Remodeled. Central Heat and A/C.
Tenants pay all utilities. Secure Indoor Apartment Access.
NDA Requested for Financials. SEE ATTACHED OFFERING MEMORANDUM.
Listing Contacts
Listed by Berkshire Hathaway HomeServices Starck Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,560.00
$10,713.33/mo
Valuation Metrics
0
DSCR
8.6%
Cap Rate
8.6%
ROI
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