2607-2693 20th Street, Rockford, IL 61109 - Property for Sale
Available For Sale - Retail
11,340 SF
|
Show Pricing $
AVAILABILITY DETAILS
- Size
- 11,340 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA420117
- Notes
- Minimum Bid/Published Reserve Price: $549,000
Buyer's Premium: 6% ($40,000 minimum applies)
Cooperating Broker Commission: 2%
Lot Size: Approx. 1.02 Acres
Building Size: Approx. 6,174 SF; 6 Units (North Building)
Approx. 5,166 SF; 5 Units (South Building)
Year Built: 2001
Ceiling Height: 12'
Electrical: 200 AMPS
Parking Spaces: Approx. 91
2018 Taxes: $20,976.20
PIN #: 15-01-228-029
Zoning: C-2; Limited Commercial District
NOI: $57,688.17 (2019)
Traffic Count: 9,000 VPD
This fully leased and stabilized strip mall is being offered at an approximate 9.6% cap rate. All tenants are current and leases are in place. This property consist of two buildings with a total of 11 units. It has had annual roof and mechanical maintenance. A recent roof inspection was performed in 2019 and found to have no structural issues were found at that time. The parking lot was also sealed and re-striped this past year. The property was also surveyed within the last 8 years and passed a Phase I survey for the lender. The seller is retiring and seeking to liquidate assets. This property is a turn key investment opportunity for an investor with an attractive 9.6% cap rate.
This is a unique great opportunity for an investor looking for a safe and stable investment property. Pre-auction offers are highly encouraged!
***DO NOT DISTURB THE TENANTS***
•Online Auction Bidding Starts at 11 AM CST Wednesday, September 23, 2020 and ends Friday, September 25, 2020, 11 AM CST
•Minimum Bid/Published Reserve Price: $549,000
•Buyer's Premium: 6% ($40,000 minimum applies)
•Cooperating Broker's Commission: 2%
•Pre-Auction Bids are Highly Encouraged!
- Uses
- Retail
Other Availability in this Property
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Diana Peterson, AW Properties Global
Diana Peterson, AW Properties Global
