Downtown Office and Assembly Hall

Special Purpose for Sale
Catylist Listing ID: 30634491
Property Subtypes: Assembly/Meeting Place
Building Size (RSF): 18,368 SF
Gross Land Area: 13,330 SF
Sale Price: $199,999
Ceiling: 13 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 18,368 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/1/2020

Overview / Comments

Large commercial office and assembly hall. Excellent condition. Well located near City Hall, retail and various types of business, offices, Great for social, fraternal, banquets, weddings, reception, meetings.
1st floor: Reception. 15 offices of various sizes. 2 rest rooms. Freight elevator. Utility rooms.
11 stalls of covered parking including 1 handicapped stall. 3 outside parking.
Other parking on street and municipal lots.
2nd floor: Large banquet room for 267. Lounge for 75. 2 large meeting rooms. Full kitchen. 4 rest rooms. Utility rooms.

Highly Motivated Seller!

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Rockford Township
Tax ID/APN: 1123386008
Zoning: C4
Property Located Between: E. State and Market
Property Visibility: Good
Largest Nearby Street: E. State
Feet of Frontage: 85
Highway Access: Business Route 20
Airports: Chicago Rockford International Airport
Site Description: First floor offices and parking
Area Description: Multiple use. Government and multiple private establishments
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1964
Year Renovated: 1989
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick, stone, windows
Parking Ratio: 10 (per 1000 SF)
Parking Type: Surface
Parking Description: 11 covered parking including 1 handicapped stall. 3 outside parking.
Freight Elevators: 1
Sprinklers: None
Heat Type: Hot Water
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Reception, offices and meeting rooms on the 1st floor. Banquet, lounge, and large meeting rooms on the 2nd floor.
Zoning Description: C4. Commercial
Lot Frontage: 85
Lot Depth: 151
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: Assrs Plat Blk 29 Esat Rkfd Blk 29 East Rlfd Lots 3-4 & Nly 46 Ft Lot 5 Block 29

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,718 112,462 187,892
Median Age: 33.34 34.28 37.32
Households: 7,436 43,511 74,557

Contact

Photograph of Listing Agent

Emmett J Gray, SIOR

Key Realty Commercial CMCPEX Member
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