Commercial Bld w/tenants ( Ill DMV and IDOT )

Retail-Commercial for Sale
Catylist Listing ID: 29647778
Property Subtypes: Free-Standing Building, Retail-Pad
Building Size (RSF): 4,200 SF
Gross Building Area: 4,800 SF
Gross Land Area: 1.07 Acres
Sale Price: $400,000
Unit Price: $95.24 PSF
Ceiling: 10 ft.
Property Use Type: Business
Core Factor: 600%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/24/2019

Overview / Comments

Commercial Space. Current tenants include DMV & IDOT. Total monthly rent possible is $5,500 .. 12%. Adjacent to Baymont Inn & Suites. Crossroads of Stephenson County IL Hwy 20 & 26. No Fuel or Food stops 20 miles east or west. Hotel, Restaurant other commercial nearby. Combined E-W-N-S traffic count exceeds 25,000 per day. ( AGENT RELATED )

Additional Details

Nearest MSA: Freeport
County: Stephenson
Tax ID/APN: 08-13-244-76-004
Market Type: Medium
Property Located Between: Rockford / Dubuque / Monroe / Freeport
Side of Street: West
Road Type: Paved, Highway Interchange, Highway Service Drive
Property Visibility: Good
Largest Nearby Street: Illinois Hwy 20 & Il Rt 26
Traffic/Vehicle Count: 15,000
Transportation: Highway
Highway Access: Hwy just across access road
Site Description: Flat Lot
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 2008
Roof Type: Flat
Construction/Siding: Metal Siding
Total Parking Spaces: 50
Parking Type: Surface
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Lot Frontage: 243
Lot Depth: 185
Land Ownership: owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 999 25,730 29,808
Median Age: 39.16 40.87 42.26
Households: 463 11,106 12,724

Contact

Photograph of Listing Agent

Don Morgan

Morgan Realty Inc
ICEx Member
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