Elmwood Commercial Land for Sale

Vacant Land for Sale
Catylist Listing ID: 30585427
Property Subtypes: Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 37,736 SF
Sale Price: $125,000
Unit Price: $3.31 PSF
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2020

Overview / Comments

IDEAL COMMERCIAL CORNER LOT WITH HIGHWAY EXPOSURE AND AT A LIGHTED INTERSECTION. INCOME IS BEING GENERATED FROM THE LAMAR LEASE AGREEMENT FOR A BILLBOARD SIGN. THIS SITE CAN BE SOLD WITH OTHER CONTIGUOUS PARCELS, WHICH IS NEXT TO A LARGE SELF-STORAGE FACILITY. GREAT OPPORTUNITY FOR A CREATIVE INVESTOR.

LAMAR LEASE PAYS $2,500 ANNUALLY FOR YEARS 1-5
LAMAR LEASE PAYS $3,000 ANNUALLY FOR YEARS 6-10
LAMAR LEASE PAYS $3,500 ANNUALLY FOR YEARS 11-15

Financials

Finance Data Year 2019
Assessed Value - Total($) $6,022 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Owan Township
Tax ID/APN: 07-35-426-017
Zoning: C2
Property Located Between: HWY 251 & N. ROCKTON AVE
Property Visibility: Excellent
Legal Description: COMM NE COR SE1/4 W 342.27 FT S 38.55 FT SE 28.09 FT TO POB TH SE 197.09 FT W 254.56 FT NW 151.38 FT NE 202.54 FT TO POB SEC SEC: 35 TWP: 45 RANGE: 1 ACRES: 0.86
Largest Nearby Street: N MAIN STREET
Feet of Frontage: 203
Highway Access: HWY 251
Airports: Chicago Rockford International Airport
Site Description: FLAT CORNER LOT ON A LIGHT-CONTROLLED INTERSECTION.
Area Description: MIXED USE OF INDUSTRIAL, COMMERCIAL, AGRICULTURAL, AND SINGLE FAMILY RESIDENTIAL PROPERTIES.
Lot Frontage: 202.54
Lot Depth: 197.09
Zoning Description: C2 COMMERCIAL
Topography: Gently Sloping
Soil Type: Mixed
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,681 64,716 155,822
Median Age: 42.58 40.35 38.94
Households: 2,201 26,006 61,740

Contact

Photograph of Listing Agent

Tom Ewing CCIM CPM RPA MCR

KELLER WILLIAMS REALTY SIGNATURE CMCPEX Member
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