SQUARE FEET7,400
MLS#12782766
STATUSNew
PROPERTY TYPECommercial - Industrial
Property Description
NNN-Leased Industrial Building | 7,400 SF | 13.6 Cap. Offered at $200,000 ($27.03 per SF), this single-tenant brick showroom and warehouse building has approximately 7,400 SF and sits on the northeast corner of 22nd St and 9th Ave in Rockford. The entire building is leased to Reliable Parts, Inc. under an NNN lease at $2,266 per month ($27,192 per year) through May 31, 2027, with two one-year options at $2,333.98 and then $2,404.00 per month. The base rent represents a 13.6 cap rate at the asking price. Under the lease, the tenant reimburses the real estate taxes, the landlord's insurance premiums and routine maintenance, and pays for its utilities. The landlord retains responsibility for capital repairs over $2,500 and the structure. The front building (about 4,000 SF) has a storefront entrance on 22nd St, a retail and office area with one restroom, and a warehouse with 13'3 clear height and a raised box-truck door on 9th Ave. The 3,400 SF rear building has an 8' x 8' drive-in door. There is room for about 12 cars to park head-in along 9th Ave. The property is zoned I-1 Light Industrial (City of Rockford) and is in FEMA flood Zone X. Two tax parcels convey. Buyer to verify all information.
Property Features
Property Type: Commercial - Industrial
Cooling: Window Unit(s), Office Only
Lot Size: 0.19 Acres
Stories: 1.0
Taxes: $3,426
Year Built: 1920
Feature Descriptions
Electric: Service - 0 to 100 Amps
Exterior: Brick, Block
Fire Protection: Other
Frontage Type: City Street, Paved
HVAC: Ceiling Units
Location: Corner, Industrial Area/Campus, In City Limits
Lot Dimensions: 52 X 145
Miscellaneous Indoor: Overhead Door/s
Number of Tenant(s): 1
Parcel#: 1230307013
Parking: 6-12 Spaces
Potential Use: Industrial, Commercial
Tenant Pays: Taxes, Insurance, Repairs, All Utilities
Units: 1
Listed By / Shown By
Listed By
Agency Name: RE/MAX Suburban
Agency Phone: 847-367-8686
Shown By
Agent Name: Donya Bundy
Agent Phone: (608) 295-5181
Agency Title: Gambino Realtors
Donya Bundy
Cell: (608) 295-5181
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926 22nd Street | MLS# 12782766
This commercial property located at 926 22nd Street, Rockford, IL 61108 is currently listed for sale with an asking price of $200,000. Search Rockford real estate on dbundy.gogambino.com today.