4048 E STATE STREET

Office for Sale
Catylist Listing ID: 30673073
Property Subtypes: Office Building
Building Size (RSF): 12,459 SF
Gross Land Area: 32,500 SF
Sale Price: $390,000
Unit Price: $31.30 PSF
Ceiling: 15 ft.
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/7/2021

Overview / Comments

2 STORY BUILDING WITH FINISHED LOWER LEVEL AND A DRIVE-THRU FACILITY; GREAT LOCATION - HIGH TRAFFIC VOLUMES; VERY WELL MAINTAINED WITH HIGH QUALITY INTERIOR FINISHES. BANK VACATING MAIN AND LOWER LEVELS BY END OF FEBRUARY 2021; SECOND FLOOR TENANT WITH LEASE UNTIL 06-01-2021; BANK WOULD CONSIDER MAINTAINING ATM OPERATION ON A LEASE BASIS. SITE NOT AVAILABLE FOR PURCHASE TO OTHER FINANCIAL INSTITUTION.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $35,316 (Annual)
Assessed Value - Total($) $263,620 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1229101012
Zoning: C2
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1970
Parking Type: Surface
Parking Description: BLACKTOP LOT
Total Parking Spaces: 30
Zoning Description: COMMERCIAL - OFFFICE
Lot Frontage: 154
Lot Depth: 250
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,906 108,489 199,411
Median Age: 38.38 38.77 38.08
Households: 5,014 44,499 79,902

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