2430 20th Street - Industrial Building for Sale

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30286247
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution, General
Status: Pending/Contingent
Building Size (RSF): 5,040 SF
Gross Land Area: 11,250 SF
Sale Price: $100,000
Unit Price: $19.84 PSF
Ceiling: 21 ft. / 19 ft. Clear
Docks/Doors: 2 Doors
Office SF: 300 SF
Property Use Type: Vacant/Owner-User, Business
Building Name: Masters & Yates Manufacturing
Usable Size (USF): 5,040 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/25/2018

Overview / Comments

BUILDING HEIGHT IS 21', CLEAR 19'

ROOF NEEDS REPLACED

REAL ESTATE TAX FOR 2017 IS $2,623.36.

OWNER IS RETIRING.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Rockford Township
Tax ID/APN: 12-31-351-006
Zoning: I1 LIGHT INDUSTRIAL
Property Located Between: 23rd Avenue & Harrison Avenue
Highway Access: HWY Bypass 20 is 1 mile south and I-90 is approximately 6 miles east of the subject.
Airports: Chicago Rockford International Airport
Site Description: Light manufacturing building on 11,250 sq. ft. of land. Blacktop surface parking on flat to slightly sloping land.
Area Description: Industrial properties surround the subject and multi-family and single family residential properties within 1/2 mile of the subject.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,040 SF
Property Condition: Average
Year Built: 1958
Roof Type: Flat
Construction/Siding: Metal Siding
Exterior Description: Block/Steel/Aluminum; roof metal/wood ; concrete floor
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: Blacktop surface parking along the north side and in front of the building.
Total Parking Spaces: 15
Eave Height: 19
Overhead Cranes: 1
Sprinklers: None
Amps: 440
Volts: 220
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Ceiling Units
Lighting: Fluorescent
Interior Description: One office, one break room, two restrooms and two areas of shop space.
Zoning Description: I1 - Light Industrial
Lot Frontage: 75
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple - Individual Ownership
Legal Description: C W JOHNSONS SUB PT SW1/4 SEC 31-44-2 N1/2 LOT 12 +ALL LOT 013 BLOCK 002

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,960 97,178 172,721
Median Age: 33.76 35.17 37.49
Households: 5,720 38,555 68,226
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