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2322 Charles St Rockford, IL 61104

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For Sale
$220,000

Retail property with leasing and income potential in Rockford, IL.

Property size:
8,545 SF
Lot size:
0.20 Acres

Property Features for 2322 Charles St

General Information

Size
8,545 SF
Lot size
0.20 Acres

Source: Dickerson Nieman Commercial Agent Tracy Eastman, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Property on Charles Street

Located at the northeast corner of Charles Street and St. Louis Avenue, this retail property is currently configured into five units. Four units are leased to two tenants, with three units occupied by an appliance sales and service business and one unit leased to a screen printer. One unit is currently vacant and has a potential rental income of $800 per month. The property is zoned C3 and constructed of brick. It features 3-phase 480-volt electrical service and a ceiling height of 13 feet. The front half of the roof has recently undergone a $25,000 repair. The property has the potential for a $32,000 Net Operating Income. The property size is 8,545 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Midwest Threads Clothing Store Fad Wine Wine Store

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Rockford
County
Winnebago
State
Illinois
Longitude
-89.0587348
Latitude
42.2608966

FAQs

What type of property is this?
Strip mall - Retail property with leasing and income potential in Rockford, IL.
Where is this strip mall located?
The property is located at 2322 Charles St Rockford, IL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: - Potential for $32,000 NOI; - Zoned C3, allowing for a variety of commercial uses; - Four units currently leased, providing immediate income
More about this property
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