Commercial Building For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30510465
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 8,580 SF
Gross Land Area: 75,270 SF
Sale Price: $650,000
Unit Price: $75.76 PSF
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Southtowne Business Center
Usable Size (USF): 8,580 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2020

Overview / Comments

THIS MULTI-TENANT BUILDING COULD HAVE MANY USES: MEDICAL, RETAIL, RESTAURANT OR OFFICE. THERE IS AMPLE SURFACE PARKING AVAILABLE.

NEEDS SOME TLC.

Additional Details

Nearest MSA: Rockford
County: Boone
Taxing Authority: Belvidere Township
Tax ID/APN: 0535482017
Zoning: GBD GENERAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Pearl Street & 7th Avenue
Property Visibility: Excellent
Largest Nearby Street: HWY 20
Feet of Frontage: 235
Traffic/Vehicle Count: 18,800
Highway Access: HWY 20
Airports: Chicago Rockford International Airport
Site Description: Multi-tenant commercial building with surface parking for 50 vehicles.
Area Description: Mixed - Commercial, multifamily residential, single family residential, industrial and vacant land.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,580 SF
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick exterior
Total Parking Spaces: 50
Parking Ratio: 6 (per 1000 SF)
Parking Type: Surface
Parking Description: Blacktop surface parking.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Set up for office or retail users.
Zoning Description: GBD General Business District
Lot Frontage: 235
Lot Depth: 211
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Corporate
Legal Description: IN OFFICE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,109 25,906 37,137
Median Age: 36.49 34.15 37.17
Households: 3,173 8,954 12,897

Contact

Photograph of Listing Agent

Tom Ewing CCIM CPM RPA MCR

KELLER WILLIAMS REALTY SIGNATURE CMCPEX Member
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