1017 and 1021 E State Street
Retail-Commercial
for Sale
| Catylist Listing ID: |
30706087 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant, Street Retail
|
| Building Size (RSF): |
6,265 SF
|
| Gross Land Area: |
15,590 SF
|
| Sale Price: |
$385,000 |
| Unit Price: |
$61.45 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Grill 'N Green and The Creative Cube |
| Usable Size (USF): |
6,265 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/10/2021 |
Overview / Comments
|
THIS UNIQUE PROPERTY OFFERS AN OWNER/INVESTOR SEVERAL OPPERTUNITIES. THE BUILDING AT 1017 HAS BEEN USED AS A PRINTING BUSINESS AND 1021 USED AS A RESTAURANT/RETAIL BUSINESS. THE PROPERTY IS ZONED C4, URBAN MIXED-USE ZONING DISTRICT. LOCATED ON THE CORNER AND FRONTS ON EAST STATE STREET, CHARLES STREET TO THE SOUTH AND 7TH STREET ON THE EAST. A BUYER MAY BE ABLE TO REQUEST FROM THE CITY PLANNING AND DEVELOPMENT DIVISION TO CHANGE THE USE TO A RESTAURANT WITH A DRIVE-UP WINDOW, i.e.: DUNKIN DONUTS, KENTUCKY FRIED CHICKEN, ETC.
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$8,337 (Annual) |
| Tax Value Land |
$186,700 |
Additional Details
| Nearest MSA: |
Rockford |
| County: |
Winnebago |
| Taxing Authority: |
Rockford Township |
| Tax ID/APN: |
1126226004 |
| Zoning: |
C4 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Located Between: |
Charles Street & S. 6th Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
E State Street |
| Feet of Frontage: |
126 |
| Traffic/Vehicle Count: |
7,400 |
| Highway Access: |
Business 20 and HWY 251 |
| Airports: |
Chicago Rockford International Airport |
| Site Description: |
Over 1/3 acre, asphalt parking lot, 13 parking spots. |
| Area Description: |
Combination commercial and retail, shopping centers, hospital, and single and multi family apartment. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
6,265 SF |
| Property Condition: |
Average |
| Year Built: |
1957 |
| Year Renovated: |
2019 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick/Vinyl Siding |
| Exterior Description: |
1017 - Brick exterior with flat roof
1021 - Brick and vinyl exterior with flat and gable roof. |
| Total Parking Spaces: |
13 |
| Parking Ratio: |
2 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Blacktop |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Interior Description: |
1021 - Set up as a restaurant with main dining room and kitchen.
1017 - Well maintained print shop with office space. |
| Zoning Description: |
C4 |
| Lot Frontage: |
126 |
| Lot Depth: |
63 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
| Legal Description: |
1017-ASSRS PLAT PT NE 1/4 SEC 26-44-1 LOT 5 +EXC WLY 44FT ALL LOT 006
1021 - ASSRS PLAT PT NE 1/4 SEC 26-44-1 LOT 004 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
19,623 |
114,930 |
193,011 |
| Median Age: |
34.24 |
34.67 |
37.67 |
| Households: |
8,623 |
44,750 |
76,639 |
|
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Rockford Area REALTORS nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|
