A real cash cow !

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30153531
Property Subtypes: Mixed Use
Building Size (RSF): 25,808 SF
Gross Building Area: See Agent
Sale Price: $495,000
Unit Price: $19.18 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 13.09%
Last Updated: 10/14/2017

Overview / Comments

$65,000 + / yr net income on this property ! 25,808 SF property with 22 individual units, can be divided or re-divided again. Complete re-roof 2017, extensive remodeling in 2017, rents could be considerably Higher. Great as an investment or for retail / manufacturing personal space. Very motivated seller.

Attachments & Media

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 11-25-309-007
Retail Clientele: General
Property Visibility: Good
Property Condition: Good
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: off street
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,340 108,299 185,885
Median Age: 31.68 34.37 37.83
Households: 8,502 41,856 73,594

Contact

Photograph of Listing Agent

Brian Borchardt

A-1 Agency ICEx Member
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