218 7th Street

Retail-Commercial for Sale
Catylist Listing ID: 30445755
Property Subtypes: Mixed Use
Building Size (RSF): 9,900 SF
Gross Building Area: See Agent
Gross Land Area: 6,911 SF
Sale Price: $114,900
Unit Price: $11.61 PSF
Ceiling: 12 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/13/2019

Overview / Comments

Mixed use building located in Midtown District.1st floor built out as office, currently occupied. 2nd and 3rd floor need rehab, 6 apartments, 2 studio, 2 one-bedroom, 2 two-bedrooms. Parking available rear of the building. Great opportunity in Rockford's up and coming downtown area.


Finance Data Year 2018
Real Estate Taxes - Annual($) $4,695 (Annual)
Assessed Value - Total($) $32,904 (Annual)

Current Tenants

Tenant Business Name Shelter Care
Is Renting? Yes

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1126233006
Tenancy: Single Tenant
Year Built: 1909
Parking Type: Surface
Zoning Description: C4
Legal Description: PLAT OF SUBD LOTS 6-7-8+9 BLK 28 + LOTS 1-2+8 BLK 29 GREGORYS ADDN N 44 FT LOT 006 BLOCK 029

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,291 114,828 192,136
Median Age: 33.6 34.7 37.7
Households: 8,428 44,702 76,325


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