304 N 5th St

Special Purpose for Sale
Catylist Listing ID: 30467538
Property Subtypes: Assembly/Meeting Place, Funeral Home/Mortuary
Building Size (RSF): 6,485 SF
Gross Land Area: 0.90 Acres
Sale Price: $299,000
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/2/2019

Overview / Comments

Property is currently being used as a funeral home. Located on a very busy corner in downtown Rockford. Could be used as a Church or a great location for Gas & Food station. Handicap Accessible. Corner lot with 231 and 165 of frontage. Located in the Rockford River Edge Development Zone.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $9,530 (Annual)
Tax Value Land $18,490
Tax Value Improvements $48,299
Tax Value Personal Property $0
Assessed Value - Total($) $66,789 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Rockford
Tax ID/APN: 1123461013
Zoning: C4
Property Located Between: Jefferson & N 5th/6th St
Property Visibility: Excellent
Largest Nearby Street: East State Street
Feet of Frontage: 231
Traffic/Vehicle Count: 20,000
Highway Access: IL RT 251
Airports: Chicago-Rockford International Airport
Site Description: Corner lot with 231 and 165 of frontage. Located in the Rockford River Edge Development Zone.
Area Description: Part of the Rockford River Edge Development Zone
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Fair
Year Built: 1935
Construction/Siding: Brick
Parking Ratio: 60 (per 1000 SF)
Parking Type: Surface
Parking Description: 60 spaces
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Zoning Description: C4
Lot Frontage: 198
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Lots 3-5, PT Lot 2, East Rockford Subd

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,999 113,153 193,011
Median Age: 34.78 34.54 37.67
Households: 7,487 43,948 76,639
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