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30871169
30871170

1201 1st Avenue, Rock Falls, IL 61071 For Sale

Xtreme Realty
Xtreme Realty
Listed by Xtreme Realty
$324,900
132 days on market
Updated 62 days ago

1201 1st Avenue

Details
APN 11341090230000
Property Type Retail
Sub Type Storefront, Other (+1)
Units 3
NOI $29,569
Year Built 1950
Lot Size (SqFt) 14,200
Zoning COMMR

Retail

Marketing description

Very Profitable 3 unit commercial building on a double corner lot with an extra lot across the alley. It is located on Rt. 40/1st Ave in Rock Falls IL 1 mile north of Interstate 88 on the Right hand side of the road. Easy access! Unit 1 is currently an Urgent CareClinic - 1860 sq ft with a large reception area -kitchenette - shared bathrooms! Current rent is $1600 . Unit 2 is 540 sq ft - 2 offices - reception area - shared bathrooms - current rent is $600 (utilities included). Unit 3 is approx 1006 sq ft - open concept - private 1/2 bath - plumbed for a 2nd 1/2 bath. This unit is owner occupied as a real estate office. There is also a 15 x 15 separate storage area with a private access! Parking for 20 + cars. Lot across alley is 50 x 142. Included in price. Taxes shown include extra lot. Owner is willing to lease back. Broker Owned.
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Listing Contacts

Xtreme Realty
Xtreme Realty
Listed by Xtreme Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$29,569.00
$2,464.08/mo

Valuation Metrics

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DSCR
9.1%
Cap Rate
9.1%
ROI

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