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

View FullscreenMap

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

Contact

Photograph of Listing Agent

Tom Ewing CCIM CPM RPA MCR

KELLER WILLIAMS REALTY SIGNATURE CMCPEX Member
© 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.