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

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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

Investors and owner/users can take advantage of this former Chase Bank location in historic Downtown Woodstock, Illinois.

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.

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Market Sale Price per SF

Chicago - IL USA

Market Cap Rate

Chicago - IL USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront
Building Size
9,739 SF
Year Built
1889
Tenancy
Single
Building Height
2 Stories
Building FAR
2.59
Lot Size
0.09 AC
Parcel Number
13-05-355-026
Walk Score®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

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

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2024 Population
10,965
27,349
31,612
2020 Population
11,189
27,525
31,829
2029 Population
10,946
27,372
31,636
2024-2029 Projected Population Growth
-0.2%
0.1%
0.1%
Daytime Employees
5,153
13,939
17,079
Total Businesses
688
1,312
1,706
Average Household Income
$82,298
$92,169
$94,614
Median Household Income
$69,339
$75,893
$78,643
Total Consumer Spending
$127.3M
$328.2M
$386.1M
Median Age
40.4
40.0
40.4
2024 Households
4,377
10,419
11,976
Percent College Degree or Above
14%
17%
18%
Average Home Value
$195,127
$244,146
$256,584

Nearby Major Retailers

Starbucks
BMO
Buffalo Wild Wings
Planet Fitness
Jewel-Osco
Chase
Snap Fitness 24/7

Sale Advisor

Sale Advisor

Peter Graham, First Vice President
Peter Graham joined CB Richard Ellis in 1998. Peter has provided expertise in a wide variety of real estate services for institutional owners and retail developers. His primary focus has been ground up developments, redevelopments, outlot pads, and multi-tenant outlot buildings.

About the Auction Technology

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More

Auction Contact

Keisha Hartshorn
Auctioneer License: Ten-X Arlene Richardson RE Brkr 478027045
  • Listing ID: 35720469

  • Date on Market: 2/26/2026

  • Last Updated:

  • Address: 118 Cass St, Woodstock, IL 60098

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000

Contact the Sale Advisor

Turnkey Former Chase | Downtown Location | 118 Cass St

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