120 N Union
Retail-Commercial
for Sale
| Catylist Listing ID: |
30633406 |
| Property Subtypes: |
Restaurant
|
| Building Size (RSF): |
4,000 SF
|
| Sale Price: |
$400,000 |
| Unit Price: |
$100 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/1/2020 |
Overview / Comments
|
OPPORTUNITY KNOCKS! 4,000 sq ft building currently home to a successful bar/restaurant with a fantastic reputation & following. Real state only is being offered for sale for you to use as the home to the next new eatery in Byron! Bring your ideas to this thriving small town just southwest of Rockford whose downtown has a large draw of patrons from all over Northern Illinois. This property has many recent updates including: flooring, windows, gaming parlor area & garage doors that are retractable in both the front & back of the building. Helping to make this restaurant space very COVID friendly! Large kitchen, walk in coolers and basement with plenty of room for storage. Ample parking in the city parking lot adjacent to the property. Business may be purchased separately. Lease option available for $4,000. Owner may be willing to finance a qualified buyer. *Aero Loves Park is not for sale.
|
Additional Details
| Nearest MSA: |
Rochelle |
| County: |
Ogle |
| Tax ID/APN: |
05-32-152-028 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Il RTE 2 and IL RTE 72 |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
4,000 SF |
| Property Condition: |
Excellent |
| Year Built: |
1920 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
City parking behind business and street parking |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Lot Frontage: |
52 |
| Lot Depth: |
52 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
Per Title |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,599 |
9,203 |
12,122 |
| Median Age: |
35.72 |
39.73 |
40.46 |
| Households: |
1,386 |
3,362 |
4,480 |
|
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Neither Rockford Area REALTORS nor
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