3 RIVER FRONT LOTS- PRIME DEVELOPMENT!
Retail-Commercial
for Sale
| Catylist Listing ID: |
30257258 |
| Property Subtypes: |
Free-Standing Building, Mixed Use
|
| Building Size (RSF): |
4,900 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.29 - 1.50 Acres
|
| Sale Price: |
$350,000 |
| Unit Price: |
$71.43 PSF |
| Property Use Type: |
Vacant/Owner-User, Business |
| Building Name: |
EAGLE'S NEST |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/23/2020 |
Overview / Comments
PRIME DEVELOPMENT SITE! Frontage along the Rock River in historic, downtown Oregon. Daily traffic count of 9300+ vehicles and over 650 feet of River Frontage. This is a rare opportunity to own a commercial lot with both excellent river frontage and high visibility from Illinois Route 64/North Avenue Previously used as a retail space with almost 5,000 sq feet, the property also includes a 50x140 storage building and a .64 acre lot. A superior site for a restaurant or hotel to name a few! This property is located in both a TIF and Enterprise Zone meaning there are possibilities for significant government incentives for development!
|
Financials
| Finance Data Year |
2016 |
| Real Estate Taxes - Annual($) |
$10,933 (Annual) |
Additional Details
| Nearest MSA: |
Rochelle |
| County: |
Ogle |
| Tax ID/APN: |
16-03-183-001 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
ROUTE 64 |
| Feet of Frontage: |
60 |
| Traffic/Vehicle Count: |
9,300 |
| Highway Access: |
LOCATED AT FIRST ST AND ROUTE 64 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
1997 |
| Parking Type: |
Surface |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Internet Access: |
Cable, DSL, Satellite |
| Zoning Description: |
ZONED COMMERCIAL |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
Per Title |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,519 |
4,119 |
7,232 |
| Median Age: |
42.65 |
43.3 |
44.36 |
| Households: |
1,546 |
1,794 |
3,120 |
|
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Neither Rockford Area REALTORS nor
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