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Listed by Gerard DuMelle of CENTURY 21 Affiliated 815-397-7700

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- 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.

Listing information

  • MLS® ID: 09787535
  • Year Built: 1991
  • Parking Type Description: None 0 cars
  • Lot Area: 4.30 Acres
  • County: Winnebago
  • Property ID: 104070523
  • Status: Active
  • New Construction: No
  • Lot Size: 4.30
  • Style: Office
  • Stories: 1
  • Foreclosure: No
  • Estimated Annual Taxes: $11,598

Features

Air Conditioning Central Air
Approximate Age 26-35 Years
Built Before 1978 (Y/N) No
Construction Brick
Electrical Service Circuit Breakers
Exterior Building Type Brick
Extra Storage Spaces Available (Y/N) Yes
Fire Protection Other
Foundation Concrete
Franchisor Feed(y/n) No
Geographic Locale Far West
Heat/Ventilation Central Heat/Indiv Controls
Information No Sign on Property, Highly Confidential, After Hours Only
Location Corner
Other Zoning Type - Commr, Township - Rockford, Total Monthly Income - 9967, Total Annual Income - 108000, Total Annual Exp - 0, Tax Year - 2016, Net Oper Income $ - 10800, Gross Rental Income $ - 11959, Approx Total Bldg Sq Ft - 6318, # Of Units - 2, # Of TL Docks - 0, # Of Tenants - 2, # Of Drive In Doors - 0
Outdoor Parking 19-30 Spaces
Ownership Type Limited Partnership
Property Offered For Sale Only
Property Type Office/Tech
Roof Coverings Shingle Composition
Roof Structure Hip
Tenant Pays Water/Sewer, Structure, Roof, Repairs and Maintenance, Real Property Taxes, Other, Janitorial, Insurance, Heat, Electric, Common Area Maintenance, Air Conditioning
Unincorporated (Y/N) No
Utilities To Site Sanitary Sewer Nearby, Gas to Site, Electric to Site
Listed by Gerard DuMelle of CENTURY 21 Affiliated 815-397-7700