975 N MAIN STREET

Office for Sale
Catylist Listing ID: 30537513
Property Subtypes: Office Building
Building Size (RSF): 6,500 SF
Gross Building Area: See Agent
Gross Land Area: 9,109 SF
Sale Price: $194,500
Unit Price: $29.92 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/28/2020

Overview / Comments

A UNIQUE OPORTUNITY TO OWN A GREAT OFFICE BUILDING IN THE RIVER DISTRICT. CURRENTLY THIS RANCH BUILDING IS DIVIDED INTO 18 OFFICES BUT COULD BE RECONFIGURED. WOULD BE A GREAT LAW FIRM, ACCOUNTANT OFFICE, POSIBILITIES ARE ENDLESS. IF YOU HAVE A BUSINESS AND NEED A BUILDING, THIS IS A GOOD OPTION. CURRENT ANNUAL RENT IS $18,420 WITH A NET OPERATING INCOME OF $7576. BULDING IS NOT FULL.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $8,150 (Annual)
Assessed Value - Total($) $57,119 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1123204012
Zoning: C1
Property Visibility: Excellent
Area Description: DOWNTOWN RIVER DISTRICT
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1950
Roof Type: Other
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 10
Heat Type: Electricity, Natural Gas
Zoning Description: COMMERCIAL
Lot Frontage: 70
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SUBD OF PT NE 1/4 SEC 23-44-1 NLY 60 FT WLY 150 FT LOT 004

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,468 113,899 195,538
Median Age: 35.21 35.6 37.47
Households: 8,440 44,786 77,561

Contact

Photograph of Listing Agent

Adam Guarino

DICKERSON NIEMAN COMMERCIAL
CMCPEX Member
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