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: |
$399,500 |
| Unit Price: |
$63.77 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Grill 'N Green and The Creative Cube |
| Usable Size (USF): |
6,265 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/17/2021 |
Overview / Comments
|
THIS UNIQUE PROPERTY OFFERS AN OWNER/INVESTOR SEVERAL OPPERTUNITIES. THE BUILDING AT 1017 HAS BEEN USED AS A PRINTING BUSINESS AND 1021 USED AS A RESTAURANT/RETAIL BUSINESS. THE PROPERTY IS ZONED C4, URBAN MIXED-USE ZONING DISTRICT. LOCATED ON THE CORNER AND FRONTS ON EAST STATE STREET, CHARLES STREET TO THE SOUTH AND 7TH STREET ON THE EAST. A BUYER MAY BE ABLE TO REQUEST FROM THE CITY PLANNING AND DEVELOPMENT DIVISION TO CHANGE THE USE TO A RESTAURANT WITH A DRIVE-UP WINDOW, i.e.: DUNKIN DONUTS, KENTUCKY FRIED CHICKEN, ETC.
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$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 |
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