• 3616 N Main St - 3616 N Main St, Rockford, IL 61103

For Sale

Office

For Sale

This property is available for sale
1
SF
$1,200,000
Sale Price
  • Year Built
    1991
  • Overview

    Confidential Commercial Listings
    COMMERCIAL PROPERTY ON CORNER WITH MEDICAL BUILDING BUILT IN 1991 WITH NEW ROOF 2017 AND ADDITIONAL LOT AND RENTAL FOR ADDITIONAL INCOME AND LAND FOR FUTURE DEVELOPMENT. NATIONAL CHAIN CURRENTLY HAS TRIPLE NET LEASE OF COMMERCIAL CORNER LOT. CURRENT TENANT HAS BEEN IN PLACE FOR A 5 YEAR LEASE TERM AND HAS JUST RENEWED 5 YEAR TERM AND HAS ADDITIONAL 5 YEAR OPTION. CAP RATE AVG OVER 9% AND HAS COST ESCALATION FOR FUTURE LEASE OPTION.

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Property Details

Confidential Commercial Listings
COMMERCIAL PROPERTY ON CORNER WITH MEDICAL BUILDING BUILT IN 1991 WITH NEW ROOF 2017 AND ADDITIONAL LOT AND RENTAL FOR ADDITIONAL INCOME AND LAND FOR FUTURE DEVELOPMENT. NATIONAL CHAIN CURRENTLY HAS TRIPLE NET LEASE OF COMMERCIAL CORNER LOT. CURRENT TENANT HAS BEEN IN PLACE FOR A 5 YEAR LEASE TERM AND HAS JUST RENEWED 5 YEAR TERM AND HAS ADDITIONAL 5 YEAR OPTION. CAP RATE AVG OVER 9% AND HAS COST ESCALATION FOR FUTURE LEASE OPTION.

  • Property Type
    Office
  • Year Built
    1991
  • Sale Price
    $1,200,000
  • Total Building Size
    1RSF
  • Number of Floors
    0
  • Last updated
    Dec 11, 2018
  • Property ID
    2033777

Landlord's Sales Representative

  • Gerard DuMelle
    CENTURY 21 Affiliated
     
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