1879 Historic Retail

Retail-Commercial for Sale
Catylist Listing ID: 30034452
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 3,608 SF
Sale Price: $229,900
Unit Price: $63.72 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: 308-310 E. State St.
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/18/2018

Overview / Comments

This historic storefront features a new 15-year lease for Jimmy Johns sub shop.
Free city parking on the south and rear of the building, on-street parking along E. State St. Second floor walk-up recently renovated with some work remaining. New water and gas service from sidewalk.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Winnebago County, IL
Tax ID/APN: 11-23-382-019
Zoning: C4
Retail Clientele: General, Family, Recreation
Property Located Between: Madison St. and 1st St. on E. State
Property Visibility: Excellent
Airports: chicago/rockford international
Area Description: Revitalized downtown Rockford features Sports Factory, City Market and numerous restaurants and bars all near the Rock River.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,804 SF
Property Condition: Good
Year Built: 1897
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Two city-owned parking lots provide free parking on the south side and rear of building. On-street parking also available.
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,751 109,792 178,648
Median Age: 32.87 34.28 37.02
Households: 7,414 42,468 70,781


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