1149 RAILROAD AVENUE

Industrial for Sale
Catylist Listing ID: 30316809
Property Subtypes: Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 24,624 SF
Gross Land Area: 16,300 SF
Sale Price: $198,000
Unit Price: $8.04 PSF
Ceiling: 14 ft.
Docks/Doors: 3 Doors
Office SF: 12,000 SF
Property Use Type: Net Leased Investment (NNN)
Building Name: CARPENTER'S PLACE
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2018

Overview / Comments

CURRENT TENANT IS CARPENTER'S PLACE. NEGOTIABLE LONG TERM LEASE/ UPPER LEVEL OF 12,000 SF HAS OFFICES THRU-OUT. 2 KITCHENS, LAUNDRY ROOM, 6 BATHS. LOWER LEVEL OF 12,000 SF IS WAREHOUSE WITH 13.6' CEILINGS AND OVERHEAD DOOR AND DOCK.
*INSULATED ALUMINUM SECURITY SCREEN WINDOWS
*INSULATED FOAM ROOF. RE-COATED 2018
*ENVIRONMENTAL DONE AND REMEDIATED
*SECURITY SYSTEM
*EXTERIOR LIGHTING
*NEW OFFICE HVAC REPLACEMENT 2018
*BUILDING IMPROVEMENTS QUALIFY FOR 45% HISTORIC TAX CREDITS

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $7,642 (Annual)
Assessed Value - Total($) $51,515 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 11-26-430-012, 11-26-435-006
Zoning: I1
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 12,000 SF
Property Condition: Good
Year Built: 1890
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: BLACKTOP
Total Parking Spaces: 30
Sprinklers: Wet
Amps: 200
Volts: 120
X-Phase: 3
Zoning Description: COMMERCIAL/SOCIAL/FRATERNAL IMPROVED INDUSTRIAL
Lot Frontage: 150
Lot Depth: 90
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,850 107,214 185,257
Median Age: 32.28 34.48 37.76
Households: 8,193 41,606 73,423

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