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402 E State St 12,786 SF 100% Leased Retail Building Rockford, IL 61104 $1,105,329 CAD ($86.45 CAD/SF) 6.72% Cap Rate
INVESTMENT HIGHLIGHTS
- In the heart of Rockford's River District.
- Open plan with brick walls
- Lots of natural light
EXECUTIVE SUMMARY
Current 1st floor and 2nd floor lease is month to month.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
12,786 SF
Building Class
C
Year Built
1901
Price
$1,105,329 CAD
Price Per SF
$86.45 CAD
Cap Rate
6.72%
NOI
$74,278 CAD
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.94
Lot Size
0.10 AC
AMENITIES
- Skylights
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-23-386-010 | Total Assessment | $112,085 CAD |
| Land Assessment | $10,573 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $101,513 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
11-23-386-010
Land Assessment
$10,573 CAD
Improvements Assessment
$101,513 CAD
Total Assessment
$112,085 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Emerald Realty Group of Rockford, PLLC
402 E State St
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