Commercial Retail for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30668977
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 2,530 SF
Gross Land Area: 3,222 SF
Sale Price: $60,000
Unit Price: $23.72 PSF
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User
Building Name: 7912 N Second Street
Usable Size (USF): 2,530 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/15/2021

Overview / Comments

Ideal for owner occupant business in Machesney Park, IL. Machesney Park tax rate. Needs TLC.

Tenant occupies space on a month-to-month basis.

2019 Real Estate Taxes $2,246.70.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $2,246 (Annual)
Tax Value Land $3,714
Tax Value Improvements $20,049
Assessed Value - Total($) $23,763 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Harlem Township
Tax ID/APN: 08-31-101-022
Zoning: CC
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Bauer Pkwy and Superior Ave.
Property Visibility: Excellent
Largest Nearby Street: HWY 2 (N. Second Street)
Feet of Frontage: 164
Traffic/Vehicle Count: 26,943
Highway Access: Fronts on Highway 2
Airports: Chicago Rockford International Airport
Site Description: Commercial building occupies entire site
Area Description: Mixed use of commercial retail, multi-family and single family residential properties
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,530 SF
Property Condition: Fair
Year Built: 1975
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Frame construction with brick exterior
Total Parking Spaces: 2
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Parking Description: Blacktop
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Interior Description: Salon with one customer at a time. TLC needed.
Zoning Description: CC - Commercial Community
Lot Frontage: 25
Lot Depth: 130
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: NORTH PARK SUB PT SEC 31-45-2 & SEC 36-45-1 BEG NE COR LOT 30 TH SWLY 16.48 FT TH NWLY 54.22 FT TH NWLY 76.74 FT TO W LN LOT 31 TH NELY ALG SAID WLY LN 26.65 FT TO NW COR LOT 30 TH SE 130 FT TO NE COR & POB PT LOT 30 & 31 BLOCK 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,003 62,701 149,167
Median Age: 37.01 40.94 39.07
Households: 4,264 25,466 59,388

Contact

Photograph of Listing Agent

Tom Ewing CCIM CPM RPA MCR

KELLER WILLIAMS REALTY SIGNATURE CMCPEX Member
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