Catylist ID:
#30521130
OWNER FINANCING –- GAS STATION WITH PROPERTY
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: | 30521130 |
| Property Subtypes: | Convenience Store, Free-Standing Building, Service Station/Gas Station, Vehicle Related |
| Status: | Pending |
| Building Size (RSF): | 3,000 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $225,000 |
| Unit Price: | $75 PSF |
| Property Use Type: | Business |
| Building Name: | SHELL STATION |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/28/2021 |
Overview / Comments
|
OWNER FINANCING WITH THE FOLLOWING TERMS AND CONDITIONS: 1) PRICE : $225,000 DOLLARS –– FIXED 2) DOWN PAYMENT : $125,000 DOLLARS 3) BALANCE $100,000 DOLLARS TO BE FINANCED –– 5 YRS / 5% INTEREST/PAID IN FULL IN 5 YRS Currently , no gas contract in place. New concept to Food & Liquor Store. Great upside sales potential after the " Conversion to the New Concept" The conversion will include 1) Convenience store cater to basic everyday items especially cater to Link customers 2) Travel merchandise categories 3) Lunch Store 4) Special coffee station AND 5) Full line Liquor Store Airport business has increased since last year and it is continuing to grow. Currently, Inside Sales around $25,000 to $30,000 dollars/month with 30% margin Outside sales 25,000 to 30,000 gallons /month with 15 cents margin and Lottery Sales $15,000 dollars /Liquor Sales $5,000 dollars with 22% margin and ATM income. Link card accepted. Everything in place just ready to be taken control by a " new owner operator" with strong future. Currently, operated on absentee ownership . Long term land lease from the Rockford Airport Authority. Ask for details. Inventory sold separately. MOTIVATED SELLER!!!!! |
Additional Details
| Nearest MSA: | Rockford |
| County: | Winnebago |
| Taxing Authority: | ROCKFORD |
| Tax ID/APN: | 1514151004 |
| Zoning: | 1-2 |
| Retail Clientele: | General, Business |
| Property Located Between: | CHICAGO/ROCKFORD AIRPORT AND AIRPORT DR |
| Largest Nearby Street: | ILLINOIS ROUTE 2 |
| Highway Access: | ROUTE 20 |
| Airports: | CHICAGO -ROCKFORD AIRPORT |
| Site Description: | 53 Airport Dr Rockford, IL 61109; |
| Area Description: | 53 Airport Dr Rockford, IL 61109; |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Excellent |
| Year Built: | 1985 |
| Roof Type: | Flat |
| Construction/Siding: | Stucco |
| Total Parking Spaces: | 8 |
| Parking Type: | Surface |
| Parking Description: | IN FRONT OF THE STORE |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Air Curtain |
| Internet Access: | Satellite |
| Water Service: | Well |
| Sewer Type: | Septic |
| Land Ownership: | LEASED |
| Legal Description: | LEASE I-27 PT SW1/4 NW1/4 SEC SEC: 14 TWP: 43 RANGE |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,659 | 29,863 | 99,774 |
| Median Age: | 43.59 | 36.99 | 35.2 |
| Households: | 703 | 11,389 | 39,006 |
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