Address Not Available By Request

    Rockford, IL 61103
    • $1,200,000
    • STATUS: Active
    • ON SITE: 297 days
    • MLS #: 09787535
    UPDATED: 14 min ago
    $1,200,000
    • 0
      BEDS
    • 4.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,318
      SQFT
    • $190
      $/SQFT
    Type:
    Commercial
    Built:
    1991
    County:

    School Ratings & Info

    Description

    COMMERCIAL PROPERTY ON CORNER WITH MEDICAL BUILDING BUILT IN 1991 WITH NEW ROOF 2017 AND ADDITIONAL LOT AND RENTAL FOR ADDITIONAL INCOME AND LAND FOR FUTURE DEVELOPMENT. NATIONAL CHAIN CURRENTLY HAS TRIPLE NET LEASE OF COMMERCIAL CORNER LOT. CURRENT TENANT HAS BEEN IN PLACE FOR A 5 YEAR LEASE TERM AND HAS JUST RENEWED 5 YEAR TERM AND HAS ADDITIONAL 5 YEAR OPTION. CAP RATE AVG OVER 9% AND HAS COST ESCALATION FOR FUTURE LEASE OPTION.

    Monthly Payment Calculator



    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Saladino Sells Team | Keller Williams Chicago - Lakeview. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than The Saladino Sells Team | Keller Williams Chicago - Lakeview are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-08-21T11:54:25.927.

    Digital Millennium Copyright Act
    www.saladinosells.com/homes/78223462

    Address Not Available By Request Rockford, IL 61103

    • Price: $1,200,000
    • Status: Active
    • Updated: 14 min ago
    • MLS #: 09787535
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.3
    Acres
    6,318
    SQFT
    $190
    $/SQFT
    1991
    Built
    Neighborhood:
    Confidential Commercial Listings
    County:
    Winnebago
    Area:
    Confidential Commercial Listings
    Property Description
    COMMERCIAL PROPERTY ON CORNER WITH MEDICAL BUILDING BUILT IN 1991 WITH NEW ROOF 2017 AND ADDITIONAL LOT AND RENTAL FOR ADDITIONAL INCOME AND LAND FOR FUTURE DEVELOPMENT. NATIONAL CHAIN CURRENTLY HAS TRIPLE NET LEASE OF COMMERCIAL CORNER LOT. CURRENT TENANT HAS BEEN IN PLACE FOR A 5 YEAR LEASE TERM AND HAS JUST RENEWED 5 YEAR TERM AND HAS ADDITIONAL 5 YEAR OPTION. CAP RATE AVG OVER 9% AND HAS COST ESCALATION FOR FUTURE LEASE OPTION.
    Exterior Features

    Construction Brick Foundation Concrete Location Corner Lot Dimensions 4.30 Lot Sq Ft 123154 Number Of Parking Spaces 30 Number Of TLDocks 0 Roof Coverings Shingle Composition Roof Structure Hip

    Interior Features

    Air Conditioning Central Air Fire Protection Other Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking 19-30 Spaces

    Property Features

    Age 26-35 Years Built Before1978 YN No Electrical Service Circuit Breakers Exterior Building Type Brick Extra Storage Spaces Available YN Yes Geographic Locale Far West Gross Rental Income Amount 11959 Heat Ventilation Central Heat/Indiv Controls Max Avail Sq Ft Rentable 6318 Min Avail Sq Ft Rentable 5016 Net Oper Income Amount 10800 Number Of Tenants 2 Property Offered For Sale Only Tax Year 2016 Taxes 11598 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceRoofStructureWater/SewerOther Total Annual Exp 0 Total Annual Income 108000 Total Monthly Income 9967 Township Rockford Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer Nearby Zoning Type Commr

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Century 21 Affiliated.


    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Saladino Sells Team | Keller Williams Chicago - Lakeview. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than The Saladino Sells Team | Keller Williams Chicago - Lakeview are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-08-21T11:54:25.927.

    Digital Millennium Copyright Act
     
    The Saladino Sells Team | Keller Williams Chicago - Lakeview
    8750 W. Bryn Mawr Ave. Suite 110E
    Chicago IL, 60631
    Open jobs at Keller Williams ChicagoPowered by ZipRecruiter