7047 Newburg Rd., Rockford, IL

Retail-Commercial for Sale
Catylist Listing ID: 30746035
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 49,340 SF
Sale Price: $3,850,000
Unit Price: $78.03 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/23/2021

Overview / Comments

+ 49,340 SF free-standing building
+ Attractive, modern building located at a busy four-way intersection
+ Excellent visibility at the corner of S. Perryville Rd. and Newburg Rd.
+ Near Rockford’s prime retail area
+ High traffic counts
+ Monument signage available
+ Strong demographics and daytime population
+ Surrounded by retailers, restaurants and hotels from E. State St. corridor and
CherryVale mall area
+ Asking lease rate: $10.00-$12.00 SF/NNN
+ Sales price: $3,850,000

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1235101003
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Newburg Rd.
Property Visibility: Excellent
Largest Nearby Street: S. Perryville Rd.
Traffic/Vehicle Count: 24,300
Highway Access: I-90/I-39
Site Description: Attractive, modern building located at a busy four-way intersection
Area Description: Surrounded by retailers, restaurants and hotels from E. State St. corridor and CherryVale mall area
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Excellent
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,212 48,655 131,901
Median Age: 52.33 42.51 40.83
Households: 2,137 19,828 53,823

Contact

Photograph of Listing Agent

Karen Walsh

CBRE, INC. CMCPEX Member
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