2651 20th Street, ROCKFORD IL 61109 Photo 1 2651 20th Street, ROCKFORD IL 61109 Photo 2 2651 20th Street, ROCKFORD IL 61109 Photo 3 2651 20th Street, ROCKFORD IL 61109 Photo 4 2651 20th Street, ROCKFORD IL 61109 Photo 5 2651 20th Street, ROCKFORD IL 61109 Photo 6 2651 20th Street, ROCKFORD IL 61109 Photo 7 2651 20th Street, ROCKFORD IL 61109 Photo 8 2651 20th Street, ROCKFORD IL 61109 Photo 9 2651 20th Street, ROCKFORD IL 61109 Photo 10 2651 20th Street, ROCKFORD IL 61109 Photo 11 2651 20th Street, ROCKFORD IL 61109 Photo 12 2651 20th Street, ROCKFORD IL 61109 Photo 13 2651 20th Street, ROCKFORD IL 61109 Photo 14
Listing Courtesy of Inland Real Estate Brokerage

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2651 20th Street - Fantastic passive investment opportunity priced to sell with plenty of potential for growth. Two buildings on a corner lot including 11 Suites, 8 of which are currently filled. Three units available currently for lease, two can be combined for up to 2000 SF. Very well maintained, in excellent condition, and easy upkeep. Low taxes, only $1.83/SF/Yr (2016). 36,000 vehicles per day via IDOT. Priced to move/fill. Easy to show.

Listing information

  • MLS® ID: 09717043
  • Status: Active
  • New Construction: No
  • County: Winnebago
  • Style: Retail / Hospitality / Service
  • Stories: 1
  • Foreclosure: No
  • Year Built: 2004
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $20,853

Features

Air Conditioning Ceiling Fans, Central Individual
Approximate Age 7-15 Years
Backup Info Existing Survey, Leases-Copies, Rent Roll, Tax Bill, Traffic Counts
Construction Concrete Block, Divisible
Current Use Commercial
Docks Common
Electrical Service 0-100 Amps, 101-200 Amps, Circuit Breakers, Separate Meters
Exterior Building Type Aluminum Siding, Block, Glass
Extra Storage Spaces Available (Y/N) No
Financial Amounts for Total Building (Rental Only) Yes
Fire Protection Fire Extinguisher/s, Smoke or Fire Protectors
Floor Finish Carpet, Concrete, Other, Tile, Varies
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Geographic Locale Out of Area
Heat/Ventilation Ceiling Units, Electric, Forced Air, Gas
Information 24-Hr Notice Required, Listing Agent Must Accompany, Show-Call Listing Office
Investment (Y/N) Yes
Known Encumbrances First Mortgage
Location Corner
Misc Inside Private Restroom/s
Misc Outside Handicapped Access, Security Lighting
Other # Of Drive In Doors - 0, # Of Tenants - 8, # Of TL Docks - 10, # Of Units - 11, Approx Total Bldg Sq Ft - 11382, Ceiling Height (Ft) - 10, Estimated Tax/Sf - 1.83, Expense Year - 2016, Gross Rentable Area - 11382, Gross Rental Income $ - 62100, Net Oper Income $ - 51380, Net Operating Income Year - 2017, Net Rentable Area - 11382, Tax Year - 2016, Total Annual Exp - 22720, Total Annual Income - 74100, Total Monthly Income - 5175, Township - Winnebago, Zoning Type - Rtail
Outdoor Parking 51-100 Spaces
Ownership Type General Partnership
Possession Closing
Potential Use Commercial, Elderly Housing, Other, Retail
Property Offered For Sale or Rent
Property Type Retail/Stores
Roof Coverings Rubber, Shingle Composition
Roof Structure Flat
Sale Terms Conventional, Trade/Exchange
Tenant Pays Electric, Heat, Repairs and Maintenance, Scavenger
Unincorporated (Y/N) No
Utilities To Site Electric to Site, Gas to Site, Water to Site, Water-Municipal
Water Drainage Storm Sewers
Listing Courtesy of Inland Real Estate Brokerage