304 N 5th St Rockford, IL 61107
Special Purpose
for Sale
| Catylist Listing ID: |
30467538 |
| Property Subtypes: |
Assembly/Meeting Place, Funeral Home/Mortuary
|
| Building Size (RSF): |
6,485 SF
|
| Gross Land Area: |
0.90 Acres
|
| Sale Price: |
$199,000 |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/23/2020 |
Overview / Comments
|
304 N 5th St Rockford, IL 61107; Property is currently being used as a funeral home. Located on a very busy corner in downtown Rockford. Could be used as a Church or a great location for Gas & Food station. Handicap Accessible. Corner lot with 231 and 165 of frontage. Located in the Rockford River Edge Development Zone.
|
Financials
| Finance Data Year |
2018 |
| Real Estate Taxes - Annual($) |
$9,530 (Annual) |
| Tax Value Land |
$18,490 |
| Tax Value Improvements |
$48,299 |
| Tax Value Personal Property |
$0 |
| Assessed Value - Total($) |
$66,789 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Rockford |
| County: |
Winnebago |
| Taxing Authority: |
Rockford |
| Tax ID/APN: |
1123461013 |
| Zoning: |
C4 |
| Property Located Between: |
Jefferson & N 5th/6th St |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
East State Street |
| Feet of Frontage: |
231 |
| Traffic/Vehicle Count: |
20,000 |
| Highway Access: |
IL RT 251 |
| Airports: |
Chicago-Rockford International Airport |
| Site Description: |
304 N 5th St Rockford, IL 61101; Corner lot with 231 and 165 of frontage. Located in the Rockford River Edge Development Zone. |
| Area Description: |
304 N 5th St Rockford, IL 61101; Part of the Rockford River Edge Development Zone |
| Total Number of Buildings: |
3 |
| Number of Stories: |
2 |
| Property Condition: |
Fair |
| Year Built: |
1935 |
| Construction/Siding: |
Brick |
| Parking Ratio: |
60 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
60 spaces |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
| Zoning Description: |
C4 |
| Lot Frontage: |
198 |
| Lot Depth: |
165 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
| Legal Description: |
Lots 3-5, PT Lot 2, East Rockford Subd |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,999 |
113,153 |
193,011 |
| Median Age: |
34.78 |
34.54 |
37.67 |
| Households: |
7,487 |
43,948 |
76,639 |
|
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