North Park Rental

Retail-Commercial for Sale
Catylist Listing ID: 30734605
Property Subtypes: Free-Standing Building, Retail-Pad, Vehicle Related
Building Size (RSF): 13,102 SF
Gross Land Area: 57,432 SF
Sale Price: $650,000
Unit Price: $49.61 PSF
Property Use Type: Vacant/Owner-User
Building Name: North Park Rental
Usable Size (USF): 13,102 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/24/2021

Overview / Comments

Great opportunity for a business with products to showcase. Main Building has two showrooms and two offices. Four warehouse buildings. Multiple overhead doors making it optimal for loading and unloading products. Conveniently located in a high traffic area with excellent visibility.

This is in the Machesney Park Enterprise Zone.

RE Tax Bill 2020: $7,407

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $7,407 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Machesney Park
Tax ID/APN: 0819277016, 0819277018
Zoning: CC
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Ralston Rd. & Roosevelt Rd.
Property Visibility: Excellent
Largest Nearby Street: Ralston Rd.
Feet of Frontage: 225
Traffic/Vehicle Count: 20,630
Highway Access: IL Rt 251
Airports: Chicago Rockford International Airport
Site Description: Four separate commercial buildings on level ground. Paved surfaces throughout.
Area Description: Mixed commercial, industrial, retail, and single family residential properties.
Tenancy: Single Tenant
Total Number of Buildings: 4
Number of Stories: 1
Typical SF / Floor: 13,102 SF
Property Condition: Good
Year Built: 1960
Roof Type: Gable
Construction/Siding: Concrete
Exterior Description: Concrete Exterior
Total Parking Spaces: 13
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking spaces located in the front of the building with additional paved lot for storage within the property.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Interior Description: One building is mostly finished with office and retail. Other buildings are configured as warehouse.
Zoning Description: CC
Lot Frontage: 225
Lot Depth: 385
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple - Corporate
Legal Description: FRICKES FARMS SUB PT E1/2 NE 1/4 SEC 19-45-2 (EXC BGN NE COR LT 1 SW 55 FT NW PERP TO E LN LT 1 TO PT 99.65 FT W OF NE COR LT 1 TH E 99.65 FT TO POB PT LT 1) ALL LT 1 & N 1/2 VAC NORSEN AVE LYG S & ADJ LT 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,113 46,874 108,995
Median Age: 40.4 39.62 40.65
Households: 2,687 18,337 43,333
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