Car Lot and Sales building and garage For Sale

Retail-Commercial for Sale
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
Building Size (RSF): 2,590 SF
Gross Land Area: 18,260 SF
Sale Price: $99,900
Unit Price: $38.57 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: 7/21/2021

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

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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


Photograph of Listing Agent

Gerard F Du Melle

Weichert Realtors Tovar Properties
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