Retail-Commercial for Sale
Catylist Listing ID: 30521130
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station, Vehicle Related
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: 3/22/2021

Overview / Comments

Brand Name gas station with property.
This station has no contract with any major gas corporation. So the new buyer could convert this station into a "NEW" concept to Food/ Convenience and Liquor Store cater to the local community . No adjacent or nearby competitions . Will continue to sell gas through an independent gas supplier from the existing gas pumps. Currently the Inside Sales $30,000 dollars/Lottery Sales $ 15,000 dollars per month Profit Margin 30% Inside AND Outside Sales 30,000 gallons with 15 cents margin.
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 doubled since last year and it will have a positive impact on the sales of the store. Currently, the station is running on an absentee ownership
Ready to be taken control by a " new owner operator" with strong future.
Long term land lease from the Rockford Airport Authority. Ask for details.
Inventory sold separately.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: ROCKFORD
Tax ID/APN: 1514151004
Zoning: 1-2
Retail Clientele: General, Business
Largest Nearby Street: ILLINOIS ROUTE 2
Highway Access: ROUTE 20
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

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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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