Rockford Retail Strip Center for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30166408
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Other
Building Size (RSF): 9,277 SF
Gross Land Area: 24,106 SF
Sale Price: $590,000
Unit Price: $63.60 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Mosy Grocery Convenience Store
Usable Size (USF): 9,277 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 70
Last Updated: 8/16/2018

Overview / Comments

This is an owner occupant and or investment opportunity. This is for sale and for lease. The store inventory is separate, but the equipment in the convenience store and laundromat is included in the asking price.

Real Estate Taxes are:

4201 11-20-127-038 $6,577.16 For Lease at $2,500/mo at 4201
Laundromat is For sale separately for $200,000 (firm)

4203 11-20-127-037 $4,302.34 For lease at $4,500/mo at 4203-4205
4205 11-20-127-036 $6,577.16

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Winnebago County
Tax ID/APN: 11-20-127-037
Zoning: CC
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Woodrow St and Monroe St
Property Visibility: Excellent
Largest Nearby Street: East State Street
Feet of Frontage: 140
Highway Access: The subject is located on Hwy Business 20.
Airports: Chicago Rockford International Airport
Site Description: This strip center has three spaces. One is vacant, one is a convenience store and the third is a laundromat.
Area Description: This is a well established retail strip center on a major street in Rockford. The area consists of retail, golf course, and single family residential properties.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 12,644 SF
Property Condition: Good
Year Built: 2004
Year Renovated: 2006
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block building. There are three retail spaces, all contiguous.
Total Parking Spaces: 20
Parking Ratio: 2 (per 1000 SF)
Parking Type: Surface
Parking Description: Blacktop surface parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: 4201 is vacant 4203 is a Convenience Store 4205 is a laundromat
Zoning Description: Commercial Community
Lot Frontage: 140.46
Lot Depth: 174.33
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: IN OFFICE

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,803 49,253 114,425
Median Age: 32.6 33.06 34.99
Households: 2,420 17,673 44,009

Contact

Photograph of Listing Agent

Tom Ewing CCIM CPM RPA MCR

KELLER WILLIAMS REALTY SIGNATURE ICEx Member
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