Retail space plus Garage and Single family home

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30666962
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Tavern/Bar/Nightclub, Vehicle Related, Other
Status: Pending
Building Size (RSF): 3,584 SF
Gross Land Area: 19,087 SF
Sale Price: $115,000
Unit Price: $32.09 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: Mixed use building / Plus Single Family home in back
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2021

Overview / Comments

Mixed use building and additional signal family home in back of property. The Mixed use building was a former liquor store/Bar with outdoor seating area out front for beer garden and dining. Building also had Auto Repair Shop. Owner had liquor licence and gaming licence for this location. New owner could possible do the same. Live Work Play on site. Great visibility and Frontage on IL 251/11th St. Road way is also Alt Rt 39. Low Low taxes and fees of doing business in New Milford. Great to do work with and do business in. In addition to this is additional property next door also for sale by same owner. 6615 and 6629 11th St. This property if purchased together gives you another income stream potential. Additional property listed at $99900. This could also be redeveloped and you would have a hard corner. 11th St / IL 251 & Toms Rd. Former use was used car lot, sales office and garage. These property have great potential. By all 3 pins and Rent out 1 or 2 of the units and reduce your cost of doing business. Additional MLS # 10826005 for 6615 11th St.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1524303015
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Kishwaukee River and US 20
Largest Nearby Street: 11th St / IL 251 & US 20/ R39/I90
Feet of Frontage: 86
Highway Access: R251 in front of building Alt R39 US 20 to the North and Baxter Rd entrance to R39 to the South I90 / R39 to North
Airports: Chicago Rockford International Airport, 2 Airport Cir, Rockford, IL 61109 1 Miles
Site Description: Hard Corner Location 11th St and Tom St US 20 about 2 miles entrance Great visibility on R251 / 11th St
Area Description: Downtown New Milford. Mailing address Rockford. Low countytaxes Low cost of doing business. New Milford governing body for doing business not Rockford. Town is very helpful getting business going. There fees are low for all types of fees. But close to Rockford and the Highway.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 3,584 SF
Property Condition: Good
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Vinyl Siding
Exterior Description: Roof on Commercial building 2015 Roof on House 2017 Furnace & AC & Electrical & Plumbing On Commercial Building 2017
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Plenty of Parking.
Heat Type: Natural Gas
Lot Frontage: 86
Lot Depth: 166
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,044 19,580 66,205
Median Age: 44.76 37.52 36.23
Households: 811 7,961 25,720


Photograph of Listing Agent

Gerard F Du Melle

Weichert Realtors Tovar Properties
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