404 Main St

Retail-Commercial for Sale
Catylist Listing ID: 30735979
Property Subtypes: Mixed Use
Building Size (RSF): 5,632 SF
Gross Building Area: See Agent
Sale Price: $175,000
Unit Price: $31.07 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2021

Overview / Comments

INVESTMENT OPPORTUNITY! Historic building located downtown Pecatonica with excellent rental history. Two stories with main floor bar/restaurant space and 2 apartments located up the upper level. The main floor tenant "The Railway" is well established and a local favorite bar/restaurant. The bar tenant utilizes several walk in coolers, full kitchen and lower level storage space. Property also include a large parking area in the rear of lot that has room for 10+ vehicles along with an outdoor beer garden area. Two apartments upstairs have entrances off of both of the front and back of the building along with off street parking. Many updates including: hot water heater, furnace and air conditioner. Contact listing agent for more information on this property with great cash flow!

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 0928151028
Zoning: COMMERCIAL
Largest Nearby Street: Pecatonica Rd
Highway Access: Hwy 20 to Pecatonica Rd
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1910
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 12
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Per Title

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,272 5,272
Median Age: 38.97 38.97
Households: 2,025 2,025

Contact

Photograph of Listing Agent

Rebecca Hazzard

RE/MAX of Rock Valley
CMCPEX Member
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