Catylist ID:
#30021038
| Catylist Listing ID: | 30021038 |
| Property Subtypes: | Executive Suites, Medical, Net Leased, Office Building, General |
| Building Size (RSF): | 20,000 SF |
| Gross Building Area: | 25,000 SF |
| Gross Land Area: | 103,152 SF |
| Sale Price: | $1,200,000 |
| Unit Price: | $60 PSF |
| Ceiling: | 8 ft. |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Building Name: | Bell School Professional Buildings |
| Class of Space: | Class B |
| Usable Size (USF): | 20,000 SF |
| Sale Terms: | Cash to Seller |
| Last Updated: | 3/28/2020 |
Overview / Comments
|
PROFESSIONAL OFFICE SPACE AVAILALBE NEAR CHERRYVALE MALL. EASY ACCESS TO I-90 OR E. STATE STREET. LEASES TERMS ARE NNN. MAIN LEVEL IS $8.00 NNN LOWER LEVEL IS $7.00 NNN. CAM@4.50 TOTAL REAL ESTATE TAX FOR 2018 $32,037.10 |
Financials
| Finance Data Year | 2018 |
|---|---|
| Real Estate Taxes - Annual($) | $32,037 (Annual) |
Current Tenants
| Tenant Business Name | Edward Jones Investments |
| Tenant Business Name | Brassfield, Krueger & Ramlow Law Office |
| Tenant Business Name | Farmers Insurance Company |
| Tenant Business Name | Lindsten Denistry |
| Tenant Business Name | Thrivant Financial |
Additional Details
| Nearest MSA: | Rockford |
| County: | Winnebago |
| Taxing Authority: | Rockford Township |
| Tax ID/APN: | 12-26-382-005 |
| Zoning: | LIMITED OFFICE DISTRICT |
| Market Type: | Medium |
| Property Located Between: | I-90 & Perryville Road |
| Side of Street: | Northwest |
| Road Type: | Paved |
| Property Visibility: | Excellent |
| Transportation: | Bus, Highway, Taxi |
| Highway Access: | 1 mile to HWY 20 1 mile to Bypass HWY 20 2 miles to I-90 |
| Airports: | Chicago Rockford International Airport |
| Site Description: | Property consists of 3 office buildings; 2 with 10,000 gross sq. ft. 1 with 5,000 gross sq. ft. |
| Area Description: | Mixed use of commercial, retail, single family residential and near major highways and interstate access. |
| Total Number of Buildings: | 3 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 5,000 SF |
| Year Built: | 1989 |
| Year Renovated: | 2016 |
| Roof Type: | Gable |
| Construction/Siding: | Brick |
| Exterior Description: | Brick office buildings, professionally landscaped. Handicap accessible on all floors. Roof is shingled. |
| Parking Ratio: | 7 (per 1000 SF) |
| Parking Type: | Surface |
| Parking Description: | Blacktop |
| Total Parking Spaces: | 114 |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Internet Access: | Cable |
| Interior Description: | Several offices per floor with restrooms on each floor. Common area corridors between offices. |
| Zoning Description: | Cherry Valley OF |
| Lot Frontage: | 548 |
| Lot Depth: | 395 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | NEWBURG PROPERTIES, LLC |
| Legal Description: | IN OFFICE |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,408 | 39,509 | 121,457 |
| Median Age: | 50.05 | 43.78 | 41.24 |
| Households: | 3,090 | 16,100 | 49,667 |
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