Mixed-Use Retail and Residential
For Sale
Contact for pricing
900 Blackhawk Blvd, South Beloit, IL 61080
Three-parcel mixed-use property includes a retail building, a 2-family apartment building, and an adjacent parking lot.
Property Size780 SF
Price / SF$397.44
Days on Market162
Property Features for 900 Blackhawk Blvd
General Information
Standard status
Active
Size
780 SF
Property subtype
RETAIL
Additional Details
Multifamily Units
2
Listing Agency:
GAMBINO REALTORS-Rkfd
(815) 282-2222
Listed By:
Tom Ewing CCIM, CPM, RPA, MCR
(815) 703-6677
Source:
Moodyscre
Added: May 21
Changed: Oct 25
Last Checked: Oct 28 at 12:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GAMBINO REALTORS-Rkfd
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-parcel mixed-use offering includes a retail building, a two-family apartment building, and an adjacent parking lot. The retail component is a 780 SF structure currently operating as a slot machine parlor. The residential component consists of a 2-family apartment building with a detached garage, providing separate rental units within the same overall property.
The parcels are located along Blackhawk Boulevard in South Beloit and include strong commercial frontage and visibility for the retail use, along with additional parking to support on-site operations.
In total, the combination of retail and residential income components plus the included parking lot creates a flexible setup for both investor and owner-user strategies.
The parcels are located along Blackhawk Boulevard in South Beloit and include strong commercial frontage and visibility for the retail use, along with additional parking to support on-site operations.
In total, the combination of retail and residential income components plus the included parking lot creates a flexible setup for both investor and owner-user strategies.
Key Highlights
- Three‑parcel mixed‑use property in South Beloit with retail, residential income, and an adjacent parking lot.
- 780 SF retail building currently operating as a slot machine parlor with frontage along Blackhawk Boulevard.
- 2‑family apartment building plus a detached garage for added residential utility and storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,487
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,740
$229.7K
Cap Rate 7%
$164,100
$164.1K
Cap Rate 9%
$127,633
$127.6K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$16.8K $21.60/SF
− Vacancy
−$438 −$0.56/SF
EGI
$16.4K $21.04/SF
− OpEx
−$4.9K −$6.31/SF
NOI
$11.5K $14.73/SF
Area
Winnebago County, IL
Vacancy
2.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,740
Cap Rate 7%
$164,100
Cap Rate 9%
$127,633
Alternative Uses
Best Use
Retail
$164.1K
$143.6K – $191.5K
NOI $11,487 @ 7.0% cap · market cap 3.71%
Second Best
Multifamily LT 5
$110.6K
$96.8K – $129.0K
NOI $7,742 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$212.6K
$186.0K – $248.0K
NOI $14,882 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
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Business Placement
Demographics for 61080, IL
11,252
Population
4,773
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
93%
High-School Grad
25.1 sq mi
ZIP Area
448
Density / Sq Mi
$78,533
Median Household Income
$44,081
Median Earnings
$877
Median Rent
$172,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Three-parcel mixed-use property includes a retail building, a 2-family apartment building, and an adjacent parking lot.
Where is this duplex located?
The property is located at 900 Blackhawk Blvd South Beloit, IL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Three‑parcel mixed‑use property in South Beloit with retail, residential income, and an adjacent parking lot.; 780 SF retail building currently operating as a slot machine parlor with frontage along Blackhawk Boulevard.; 2‑family apartment building plus a detached garage for added residential utility and storage.
