2322 Charles St - Retail FOR SALE


Rockford, IL 61104- Highland-Winnebago
$220,000 USD
815-979-4926
2322 Charles St, Rockford, IL for Sale
$220,000 USD
Retail - FOR SALE
1/12
null | 14.55% Cap Rate

2322 Charles St
Rockford, IL 61104
Highland-Winnebago


OVERVIEW

Located on the northeast corner of Charles Street and St. Louis Avenue. Currently set up for five units. Four units leased to two tenants. Appliance sales and service in three of the units and one unit leased to a screen printer. One unit vacant and can rent for $800/month. Zoned C3. Brick. 3 phase 480 volt electric. 13' ceiling height. Front half of roof just completing a $25,000 repair. Potential for $32,000 NOI.

FOR SALE DETAILS

PRICE

$220,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

14.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

C3

APN/PARCEL ID

11-25-280-006

ASK ABOUT THIS PROPERTY

Tracy EastmanDickerson & Nieman RealtorsMore Info
815-979-4926

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Tracy EastmanDickerson & Nieman RealtorsMore Info
815-979-4926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.