Commercial Retail Mall for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30727447
Property Subtypes: Mixed Use
Building Size (RSF): 41,804 SF
Gross Land Area: 2.13 Acres
Sale Price: $800,000
Unit Price: $19.14 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/1/2021

Overview / Comments

This commercial retail mall has plenty of income opportunity along with over 16,000 sq ft of vacant space that can be leased out for even more cash flow. Located on busy Shirland Ave, the current businesses drive traffic and revenue. The Stateline area is a growing and opportunities are expanding. Minutes from downtown Beloit, this area holds fantastic investment opportunity.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $14,733 (Annual)
Tax Value Land $52,266
Tax Value Improvements $110,635
Assessed Value - Total($) $162,901 (Annual)
Potential Rental Income $58,000 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 0406177005
Zoning: COMMERCIAL RETAIL
Property Visibility: Excellent
Largest Nearby Street: Shirland
Feet of Frontage: 240
Area Description: The subject property is located in Northwest South Beloit on Shirland Ave, the WI/IL stateline. Residential neighborhoods surround the area, but this site is located only minutes away from downtown Beloit.
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Number of Stories: 1
Year Built: 1964
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Heat Source: Other
Air Conditioning: Package Unit
Zoning Description: The CR commercial retail district is established to provide a cohesive grouping of commercial activity at appropriate locations oriented toward retail sales, and professional, commercial and personal service establishments.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,943 50,522 73,818
Median Age: 32.47 34.71 37.16
Households: 3,348 18,802 27,569

Contact

Photograph of Listing Agent

Colin Schindler

Re/Max Ignite
CMCPEX Member
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