The Underground 418-420 E State St 10,080 SF Retail Building Rockford, IL 61104 $1,258,075 CAD ($124.81 CAD/SF)
INVESTMENT HIGHLIGHTS
- 3 floors with 3 tenants
- 12' ceilings and large windows for natural light
- Elevator for all 3 floors
EXECUTIVE SUMMARY
AWARD WINNING BUILDING. COMMERCIAL ON FIRST FLOOR AND THE LOWER LEVEL. RESIDENTIAL APARTMENT ON THE 2ND FLOOR, ALL ACCESSIBLE WITH AN ELEVATOR. 3,360 SF ON ALL LEVELS. LOCATED IN DOWNTOWN ROCKFORD. COMPLETELY RENOVATED IN 2006. OUTDOOR SEATING WITH METAL RAILING IN THE FRONT SIDEWALK. PERFECT FOR LIVE-IN WORK OPPORTUNITY. SEE BROCHURE FOR MANY DETAILS.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
10,080 SF
Building Class
B
Year Built/Renovated
1879/2005
Price
$1,258,075 CAD
Price Per SF
$124.81 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.57
Lot Size
0.09 AC
Zoning
C4
Parking
2 Spaces (0.2 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-23-386-016 | Total Assessment | $107,632 CAD (2022) |
| Land Assessment | $8,535 CAD (2022) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $99,097 CAD (2022) | Tax Year | 2023 Payable 2024 |
