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 |
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 |
|
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Neither Rockford Area REALTORS nor
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