300 First Ave | Rock Falls, IL 61071
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- LoopNet Team
300 First Ave
Rock Falls, IL 61071
15K Square Foot - Value Add Office/Retail · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Signalized Intersection With Corner Lot Placement: Excellent visibility with corner lot placement at a signalized intersection.
- Nearby Metropolitan Locations: within two-hour drive of Rockford, IL (54 mi), Davenport, IA (59 mi), Cedar Rapids, IA (113 mi), & Chicago, IL (115 mi)
- Motivated Seller: The subject property is a bank-owned property that will be selling at a low cost basis.
- The two-story office property with a retail banking branch has been sufficiently maintained for excellent exterior and interior conditions.
- Ability to pursue a lease-up strategy with prospective tenants to secure long-term cash flows with the option of using the space as an owner-user.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
15,616 SF
Building Class
B
Year Built
1978
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.52
Lot Size
0.69 AC
Zoning
Commercial General
Parking
22 Spaces (1.41 Spaces per 1,000 SF Leased)
Frontage
81’ on 1st Avenue
PROPERTY TAXES
| Parcel Number | 1128285010 | Improvements Assessment | $9,000 |
| Land Assessment | $70,884 | Total Assessment | $79,884 |
PROPERTY TAXES
Parcel Number
1128285010
Land Assessment
$70,884
Improvements Assessment
$9,000
Total Assessment
$79,884
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