South Main Commercial Kitchen+/Apartments

Retail-Commercial for Sale
Catylist Listing ID: 30184206
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 6,380 SF
Gross Land Area: 6,868 SF
Sale Price: $125,000
Unit Price: $19.59 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Building Name: South Main Bakery/Apartments
Usable Size (USF): 6,380 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/14/2018

Overview / Comments

Great Opportunity on the newly renovated S. Main corridor at the entrance to Downtown Rockford River District.
1/2 of 1st floor is in need of total renovation.
Restaurant/Bar/Retail/Storefront+ Opportunity
(3) 2br upper apartments fully rented $450 $400 $400
Bakery is leased $1,000 per month
Separate gas and electric meters for all tenants
Secure parking lot
Sale includes all commercial kitchen equipment.
City parking lot
across from Grahm-Ginestra Museum

State and Federal tax incentives available.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Winnebago County
Tax ID/APN: 11-27-280-003
Zoning: C2
Property Located Between: Morgan Street Bridge and S Main
Property Visibility: Good
Largest Nearby Street: South Main
Feet of Frontage: 44
Traffic/Vehicle Count: 20,100
Highway Access: Easy access to Bypass 20/39
Airports: Greater Chicago Rockford International
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1920
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 6
Parking Type: Surface
Parking Description: 6 on site plus city lot
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: C2
Lot Frontage: 44
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CHURCH + ROBERTSONS ADD S 44 FT LOT 002 BLOCK 021

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,905 97,471 177,598
Median Age: 33.69 33.8 37.13
Households: 5,334 37,385 70,435

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