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Turnkey Former Chase | Downtown Location 118 Cass St 9,739 SF Vacant Retail Building Online Auction Sale Woodstock, IL 60098


Investment Highlights
- Vacant former Chase Bank property presenting an excellent repositioning opportunity located in the heart of Downtown Woodstock.
- Surrounded by a wealth of retailers like Classic Cinemas Woodstock, Winestock Market & Lounge, GriffoNest Games, and more.
- Area demographics in Woodstock bode well for buyers with a strong in-place population and over 5,100 employees within 1 mile.
- Benefiting from a key location in the middle of it all, directly across Cass Street from Woodstock Square Historic District.
- Zoning allows for a wide array of potential users, perfect for investors seeking a cash-flowing space or owner/users.
Executive Summary
118 Cass Street presents buyers with a ready-to-use property, ideal for launching new projects. The building offers a spacious 9,739 square feet over two levels with an additional basement, each with ample floor space. Its exterior features a straightforward downtown storefront design, complete with a covered awning and large windows. Inside, the main level is well-kept, boasting new carpeting as well as a combination of private offices and open areas. Upstairs, the second floor remains unfinished, offering a blank slate for customization. Buyers should communicate directly with the Woodstock Development Services Department to discuss proposed uses for the second floor. The subject property has no on-site parking. There is ample two-hour parking available around the downtown square, plus nine 24-hour public parking lots around the perimeter of the square. Since the building is entirely vacant, new owners can begin renovations immediately after purchase. With B2 zoning, the site allows for a wide range of potential uses. In Woodstock, B2 zoning supports select commercial trades and personal services, especially those located along major roads near neighborhoods. This district, which often aligns with high-density residential zones, permits businesses like meat markets, print shops, catering services, professional offices, and retail establishments. Buyers have the option to occupy the property themselves or lease it out at current market rates. The location provides excellent prospects for diverse business ventures.
This location offers businesses and investors the opportunity to establish a presence within a historic and distinguished community. The centrally situated property is directly across the street from the Woodstock Square Historic District and close to numerous shops, restaurants, and attractions that consistently attract visitors. Notable venues such as Old Courthouse Center, Classic Cinemas Woodstock, and Woodstock Opera House are nearby, along with an array of local establishments, including Mary’s Mexican Grill, Benton Street Tap, and Oliver’s Bar & Grill. National brands, such as Starbucks, are also represented throughout the town.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
About Far Northwest
The area far northwest of Chicago is known for its roots in agricultural commerce and recreational activities. Situated just below the Wisconsin-Illinois border to the north, the scenic Fox River to the east, and agricultural commerce to the west, this area earned its bragging rights as a pastoral reprieve for its inhabitants. The numerous bike trails, nature preserves, and historic sights dot this idyllic enclave just 56 miles due northwest of Chicago’s urban core.
Besides its natural beauty, people are drawn here to worship at Crystal Lake’s Megachurch Willow Creek and work with employers like automotive wholesaler Brake Parts, Inc (453 employees) in McHenry, industrial manufacturer Senior Flexonics (270 employees) in Bartlett, and financial institution JP Morgan Chase (390 employees) in Elgin. It is now becoming a classic example of exurbanization. In fact, the far northwest area is experiencing rapid growth among the 20 – 29-year-old set.
Demographics
Demographics
Nearby Major Retailers
Sale Advisor
Peter Graham, First Vice President
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Turnkey Former Chase | Downtown Location | 118 Cass St
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Turnkey Former Chase | Downtown Location | 118 Cass St
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