Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30641545
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Other
Building Size (RSF): 14,652 SF
Sale Price: $449,000
Unit Price: $30.64 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2020

Overview / Comments

Solid 2 story brick building in the heart of downtown consists of 5 Two bedroom and 1 bath All apartments are fully occupied.
Four apartments are 1000 sq. ft each and
one is a Studio.
All apartments has 1) Hardwood Floors 2) Washer
3) Dryer 4) Large Kitchen 5) Lots of cabinet space
Owner pays Water/Sewage/Garbage.
Tenants pay all Utilities.
Five store fronts and each of them are 1350 sq. ft
Four are rented and one vacant which is getting built to be a high-end coffee shop compared to a brand name coffee shop in the market.
To earn additional income there is an opportunity to buy the current tenant (Convenient Store) for an additional $125,000 dollars plus Inventory.
Seller financing possible.
Ask for details.


Finance Data Year 2019
Real Estate Taxes - Annual($) $8,310 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: ROCKFORD
Tax ID/APN: 1123306014
Zoning: C4
Retail Clientele: General, Business, Tourist, Recreation, Convention, Other
Property Located Between: Located between East State and Jefferson Street
Property Visibility: Good
Largest Nearby Street: East State Street
Area Description: Downtown business district
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,326 SF
Property Condition: Good
Year Built: 1923
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: ALL BRICK
Total Parking Spaces: 4
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Satellite
Interior Description: This building consists of 5 apartments and 5 store fronts.
Zoning Description: C4
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Water Rights, Utilities
Land Ownership: OWNED
Legal Description: MOST WLY 111.25 FT LOT6 & SLY 1.80 FT WLY 111.81 FT LOT 7 OF WEST ROCKFORD PT LOTS 6 & 7 BLOCK 12

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,928 104,932 181,240
Median Age: 32.45 34.16 37
Households: 7,740 40,616 71,762
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Rockford Area REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.