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4777 E State St - Manhattan Plaza 4,468 SF Office Condo Unit Offered at $169,000 in Rockford, IL 61108
Investment Highlights
- High Yield Opportunity per the Projected Cap Rate.
- Exterior maintenance (parking lot, snow removal, ect.) all handeled through association.
- Abundance of parking right in front of office
- master office with own private door just a few feet from parking lot
Property Facts
| Total Building Size | 7,833 SF | Typical Floor Size | 7,833 SF |
| Property Type | Office (Condo) | Year Built | 1985 |
| Property Subtype | Medical | Lot Size | 0.56 AC |
| Building Class | B | Parking Ratio | 12.77/1,000 SF |
| Floors | 1 | ||
| Zoning | C2 - Commercial | ||
| Total Building Size | 7,833 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 7,833 SF |
| Year Built | 1985 |
| Lot Size | 0.56 AC |
| Parking Ratio | 12.77/1,000 SF |
| Zoning | C2 - Commercial |
Amenities
- 24 Hour Access
- Reception
- Air Conditioning
- Raised Floor System
1 Unit Available
Unit 3-5
| Unit Size | 4,468 SF | Sale Type | Investment or Owner User |
| Price | $169,000 | Cap Rate | 23.50% |
| Price Per SF | $37.82 | NOI | $39,715 |
| Condo Use | Office | No. Parking Spaces | 17 |
| Unit Size | 4,468 SF |
| Price | $169,000 |
| Price Per SF | $37.82 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 23.50% |
| NOI | $39,715 |
| No. Parking Spaces | 17 |
Description
Three large multi desk offices with three more individual office rooms. A sizeable board room. Large training area. This opportunity comes with a master office with it's own private door separate from the front door used by clients and staff. two Bathrooms and a full kitchen along with a second kitchenette. Parking lot maintenance, snow removal, landscaping and dumpster all handled by association and 17 parking spots right outside the office with more available throughout the complex.
Sale Notes
Seller has successfully lease office space in the past but is currently using all of the space. CAP Rate is "projected cap Rate"
+15 More
Interior
Interior
interior bathroom
interior board room
interior board room
interior hallway
interior kitchen
interior kitchen
interior lobby
interior lobby
interior office
interior office
interior office
interior office
interior office
interior office
interior office lobby
interior reception desk
interior training room 2
interior training room
Presented by
4777 E State St - Manhattan Plaza
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