3 RIVER FRONT LOTS- PRIME DEVELOPMENT!

Retail-Commercial for Sale
Catylist Listing ID: 30257258
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 4,900 SF
Gross Building Area: See Agent
Gross Land Area: 0.29 - 1.50 Acres
Sale Price: $795,000
Unit Price: $162.24 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: EAGLE'S NEST
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/3/2018

Overview / Comments

PRIME DEVELOPMENT SITE! NEARLY 700’ FEET OF FRONTAGE ALONG THE ROCK RIVER IN HISTORIC, DOWNTOWN OREGON. THE PROPERTY CONSISTS OF 3 PARCELS TOTALING OVER 1.5 ACRES WITH A DAILY TRAFFIC COUNT OF 9300+ VEHICLES. THIS IS A RARE OPPORTUNITY TO OWN COMMERCIAL LOTS WITH BOTH EXCELLENT RIVER FRONTAGE & HIGH VISIBILITY FROM ILLINOIS ROUTE 64. CURRENTLY, THERE IS A RETAIL SPACE WITH ALMOST 5,000 SQ FEET ALONG WITH A 50 X 140 STORAGE FACILITY. THE LAND IS ZONED COMMERCIAL WITH ENDLESS DEVELOPMENT POSSIBILITIES. A SUPERIOR SITE FOR A RESTAURANT OR HOTEL TO NAME A FEW! THIS PROPERTY IS LOCATED IN THE TIF DISTRICT.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $10,933 (Annual)

Additional Details

Nearest MSA: Rochelle
County: Ogle
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: ROUTE 64
Feet of Frontage: 60
Traffic/Vehicle Count: 9,300
Highway Access: LOCATED AT FIRST ST AND ROUTE 64
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable, DSL, Satellite
Zoning Description: ZONED COMMERCIAL
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,519 4,119 7,232
Median Age: 42.65 43.3 44.36
Households: 1,546 1,794 3,120

Contact

Photograph of Listing Agent

Rebecca Hazzard

RE/MAX of Rock Valley
ICEx Member
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