Fantastic Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30707325
Property Subtypes: Mixed Use, Restaurant
Building Size (RSF): 6,244 SF
Gross Building Area: See Agent
Sale Price: $495,000
Unit Price: $79.28 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/10/2021

Overview / Comments

This fantastic investment opportunity won't last long. A large full service restaurant currently occupies the first floor with plenty of roadside parking and storage space. Upstairs there are 4 recently updated 1 bed 1 bath apartments with a large deck. This building features 400 amp service with ample tenant parking in rear.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1408432008
Retail Clientele: General, Family, Business, Traveler
Property Visibility: Excellent
Largest Nearby Street: Elida
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,784 SF
Year Built: 1910

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,615 5,135 13,696
Median Age: 40.72 40.44 41.08
Households: 1,010 1,837 5,079
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