Downtown Winnebago Mixed Use

Retail-Commercial for Sale
Catylist Listing ID: 30587149
Property Subtypes: Street Retail
Building Size (RSF): 1,092 SF
Gross Building Area: See Agent
Gross Land Area: 5,239 SF
Sale Price: $79,000
Unit Price: $72.34 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2020

Overview / Comments

Downtown Winnebago self sufficientproperty with storefront, a two bedroom apartment and garage. Fully leased with long term tenants.

Property has been updated in 2019 with $15,000 in improvements including new high efficiency furnace, central air conditioning, water heater and updated electric panel.

This is a great investment opportunity in emerging downtown Winnebago. Lots of potential for business and residence or investment income.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Winnebago County
Tax ID/APN: 1408432009
Zoning: COMMERCIAL BUSINESS
Retail Clientele: General
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Renovated: 2019
Parking Description: Garage and street parking
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,615 5,135 13,696
Median Age: 40.72 40.44 41.08
Households: 1,010 1,837 5,079

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