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2322 Charles St 8,000 SF 100% Leased Retail Building Rockford, IL 61104 $220,000 ($27.50/SF) 14.55% Cap Rate
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
8,000 SF
Building Class
C
Year Built
1920
Price
$220,000
Price Per SF
$27.50
Cap Rate
14.55%
NOI
$32,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
0.20 AC
Zoning
C3
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-25-280-006 | Improvements Assessment | $66,201 |
| Land Assessment | $13,288 | Total Assessment | $79,489 |
PROPERTY TAXES
Parcel Number
11-25-280-006
Land Assessment
$13,288
Improvements Assessment
$66,201
Total Assessment
$79,489
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2322 Charles St
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