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: |
7/9/2021 |
Overview / Comments
THIS MULTI-TENANT BUILDING COULD HAVE MANY USES: MEDICAL, RETAIL, RESTAURANT OR OFFICE. THERE IS AMPLE SURFACE PARKING AVAILABLE.
NEEDS SOME TLC.
2020 Tax Bill: $118,754
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$118,754 (Annual) |
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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Rockford Area REALTORS nor
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