718 Broadway

Retail-Commercial for Sale
Catylist Listing ID: 30529161
Property Subtypes: Street Retail
Building Size (RSF): 18,890 SF
Gross Building Area: See Agent
Gross Land Area: 22,000 SF
Sale Price: $224,900
Unit Price: $11.91 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/2/2020

Overview / Comments

GREAT INVESTMENT/BUSINESS OPPORTUNITY! SITE IS 0.52 ACRES AND HAS 11 STORE FRONTS. HIGH VISIBILITY! THERE ARE 5 SEPARATE SPACES AVAILABLE FOR LEASE. UNIT 720 IS 1800 SF FOR $700/MONTH ($4.66 PSF), UNIT 722 IS 1800 SF FOR $700/MONTH. UNIT 724 IS 1600 SF FOR $700/MONTH. Unit 1415 is 800 SF for $400/MONTH ($6 PSF), UNIT 1417 IS 800 SF FOR $400/MONTH.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $12,395 (Annual)
Assessed Value - Total($) $86,862 (Annual)

Current Tenants

Tenant Business Name Cricket
Is Renting? Yes
Current Rent $700 PSF (Annual)
Tenant Business Name Iraq Cultural Center
Is Renting? Yes
Current Rent $400 PSF (Annual)
Tenant Business Name Salon
Is Renting? Yes
Current Rent $600 PSF (Annual)
Tenant Business Name Barber Shop
Is Renting? Yes
Current Rent $400 PSF (Annual)
Tenant Business Name Bakery
Is Renting? Yes
Current Rent $700 PSF (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1126458018
Zoning: C4
Property Visibility: Good
Largest Nearby Street: Broadway
Tenancy: Multiple Tenants
Year Built: 1946
Parking Type: Surface
Legal Description: PENFIELDS ADDN TO CITY OF RKFD BEING IN SE1/4 SEC 26-44-1 LOT 17 THRU 025 BLOCK 003

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,168 100,595 181,242
Median Age: 29.53 33.85 37.62
Households: 5,513 38,611 71,793

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