Car Lot and Sales building and garage For Sale
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: |
30643530 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Parking Facility, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
|
| Status: |
Pending |
| Building Size (RSF): |
2,590 SF
|
| Gross Land Area: |
18,260 SF
|
| Sale Price: |
$115,000 |
| Unit Price: |
$44.40 PSF |
| Ceiling: |
12 ft. |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Building Name: |
Car Lot with room for over 100 cars plus Sales office and Garage |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/15/2021 |
Overview / Comments
|
Price Reduced! Hard Corner Location. Looking for new location. Building rehab completed 2020. This property is used as a used car lot. Garage space, Retail office space, Storage space, and room to put over 100 cars on the lot. Owner is moving out of state. Great location off IL R251 / 11th St. In the city of NewMilford. Rockford IL mailing address. Low cost to do business. Fees are much lower then Rockford. Have the best of Rockford address and Low Low taxes and cost of doing business. Those saving will go to your bottom line. Following improvements completed. Electric, Drywall and paint, Well pump and tank, Carpet,Bath all completed in 2020. Vinyl siding on retail and garage space in 2019. Roof on Retail building 2018 and Roof on garage 2013. Just move in and get started. High visibility on IL R251 / 11th St. Near Interstate I90/I39 and US 20. Additional building for sale next door if you need more space. I can get you details on price and additional space.
|
Additional Details
| Nearest MSA: |
Rockford |
| County: |
Winnebago |
| Tax ID/APN: |
1524303016 |
| Zoning: |
CG |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Casino, Other |
| Property Located Between: |
Kishwaukee River and US 20 |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
11th St / IL 251 & US 20/ R39/I90 |
| Feet of Frontage: |
110 |
| Traffic/Vehicle Count: |
6,051 |
| Highway Access: |
R251 in front of building Alt R39
US 20 to the North and Baxter Rd entrance to R39 to the South
I90 / R39 to North |
| Airports: |
Chicago Rockford International Airport, 2 Airport Cir, Rockford, IL 61109 1 Miles |
| Site Description: |
Hard Corner Location 11th St and Tom St
US 20 about 2 miles entrance
Great visibility on R251 / 11th St |
| Area Description: |
Downtown New Milford. Mailing address Rockford.
Low countytaxes
Low cost of doing business. New Milford governing body for doing business not Rockford. Town is very helpful getting business going. There fees are low for all types of fees. But close to Rockford and the Highway. |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
2,590 SF |
| Property Condition: |
Excellent |
| Year Built: |
1940 |
| Year Renovated: |
2020 |
| Roof Type: |
Flat |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
New siding 2019
New Roof 2018 on Retail space New Roof 2013 on Garage space
|
| Total Parking Spaces: |
100 |
| Parking Type: |
Surface |
| Parking Description: |
Current use used car lot. They have had over 100 cars on this corner for sale. |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Baseboard |
| Interior Description: |
Rehabbed 2020
New Electrical, Drywall, Paint, Flooring, Well pump and pressure tank |
| Zoning Description: |
CG Commercial General |
| Lot Frontage: |
110 |
| Lot Depth: |
165 |
| Water Service: |
Well |
| Sewer Type: |
Septic |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,044 |
19,580 |
66,205 |
| Median Age: |
44.76 |
37.52 |
36.23 |
| Households: |
811 |
7,961 |
25,720 |
|
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