Bell School Plaza - 1602-1650 N. Bell School Rd., Rockford, IL

Retail-Commercial for Sale
Catylist Listing ID: 30320693
Property Subtypes: Street Retail, Other
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.31 SF
Sale Price: $1,325,000
Unit Price: $132.50 PSF
Property Use Type: Investment
Building Name: Bell School Plaza
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/22/2018

Overview / Comments

Bell School Plaza is an attractive 10,000 SF shopping center situated on 1.31 acres along N. Bell School Rd. A popular shopping and dining location, Bell School Plaza has remained well leased since its construction in 2005. Anchored by a restaurant (whose FF&E is owned by the landlord and is included in the sale), the center enjoys a nice mix of retail, dining and service providers.

The center is located across the street from the well-known Golf Shack and Garrett’s and is minutes from the E. State St./I-90 interchange. Close to complimentary shopping and many residential developments, Bell School Plaza is positioned in a desirable location and will likely remain well tenanted at increasing rental rates, especially as Rockford’s growth continues to the east and Belvidere’s growth continues to move west, making this asset a good, solid investment at $1,325,000.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Zoning: C1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: N. Bell School Rd. and Rote Rd.
Property Visibility: Excellent
Largest Nearby Street: E. State St.
Traffic/Vehicle Count: 10,500
Highway Access: I-90/I-39
Airports: Chicago Rockford International Airport
Site Description: Bell School Plaza is an attractive 10,000 SF shopping center situated on 1.31 acres along N. Bell School Rd. A popular shopping and dining location, Bell School Plaza has remained well leased since its construction in 2005. Anchored by a restaurant (whose FF&E is owned by the landlord and is included in the sale), the center enjoys a nice mix of retail, dining and service providers.
Area Description: The center is located across the street from the well-known Golf Shack and Garrett’s and is minutes from the E. State St./I-90 interchange.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2005
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Brick exterior with stone accents and decorative awnings.
Total Parking Spaces: 58
Parking Ratio: 5.8 (per 1000 SF)
Parking Type: Surface
Parking Description: 58 spaces /1,000 RSF
Air Conditioning: Package Unit
Zoning Description: Primary site: C-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,824 44,017 138,074
Median Age: 44.57 44.69 40.69
Households: 2,990 18,286 55,719

Contact

Photograph of Listing Agent

Karen Walsh

CBRE, INC. ICEx Member
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