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.


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

View FullscreenMap

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


Photograph of Listing Agent


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Rockford Area REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.