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2322 Charles St
Rockford, IL 61104
Retail Property For Sale
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
8,402 SF
Building Class
C
Year Built
1920
Price
$300,894 CAD
Price Per SF
$35.81 CAD
Cap Rate
14.55%
NOI
$43,766 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.20 AC
Zoning
C3
Property Taxes
| Parcel Number | 11-25-280-006 | Improvements Assessment | $90,543 CAD |
| Land Assessment | $18,174 CAD | Total Assessment | $108,717 CAD |
Property Taxes
Parcel Number
11-25-280-006
Land Assessment
$18,174 CAD
Improvements Assessment
$90,543 CAD
Total Assessment
$108,717 CAD
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