1230 BROADWAY

Retail-Commercial for Sale
Catylist Listing ID: 30171441
Property Subtypes: Street Retail
Building Size (RSF): 14,093 SF
Gross Land Area: 22,016 SF
Sale Price: $195,000
Unit Price: $13.84 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Usable Size (USF): 14,093 SF
Sale Terms: Cash to Seller
Cap Rate: 13.0%
Last Updated: 10/10/2017

Overview / Comments

STRIP SHOPPING CENTER LOCATED AT THE CORNER OF BROADWAY AND 9TH STREET. 7 STORE FRONT SPACES. EACH UNIT ALSO HAS BASEMENT STORAGE. RE-ROOFED IN 2013. RECENTLY PAINTED. ALSO INCLUDED IS 2700 SF GARAGE AT REAR OF CENTER. IDEAL FOR AUTO OR RV STORAGE.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 11-26-488-030,031,033
Zoning: C4
Retail Clientele: General
Property Located Between: 8TH STREET AND 9TH STREET
Property Visibility: Excellent
Largest Nearby Street: BROADWAY
Feet of Frontage: 192
Traffic/Vehicle Count: 7,500
Airports: CHICAGO- ROCKFORD INTERNATIONAL
Area Description: GENERAL BUSINESS. RETAIL AND OFFICE
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 11,966 SF
Property Condition: Average
Year Built: 1920
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: BRICK FACED WITH STUCCO. RECENTLY PAINTED
Total Parking Spaces: 8
Parking Type: Surface
Parking Description: SURFACE PARKING IN FRONT OF THE STRIP CENTER. ALSO MUNICIPAL PARKING LOT ACROSS STREET FROM CENTER.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Window Unit
Internet Access: Cable, DSL
Interior Description: SEVEN RENTAL UNITS RANGING FROM 4400 SF TO 800 SF.
Zoning Description: URBAN MIXED USE DISTRICT. C4
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,245 107,028 184,567
Median Age: 30.44 34.38 37.77
Households: 6,870 41,357 73,041

Contact

© Copyright Northern Illinois Commercial Association of REALTORS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Northern Illinois Commercial Association of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.